Michael Saylor, co-founder of MicroStrategy, and U.S. Senator Cynthia Lummis are advocating for the elimination of double taxation on Bitcoin miners and stakers. They argue that the current tax structure poses a significant barrier to the United States' leadership in the cryptocurrency sector. The proposal aims to streamline tax obligations for those involved in Bitcoin mining and staking, potentially fostering a more favorable environment for crypto innovation and investment in the U.S.
Michael Saylor and Sen. Lummis Advocate Ending Double Taxation on Bitcoin
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