Senator Cynthia Lummis has introduced new digital asset tax legislation aimed at reforming how cryptocurrencies are taxed in the United States. Key provisions of the bill include a $300 de minimis exemption for small personal transactions, eliminating double taxation for miners and stakers, and establishing tax parity for lending, wash sales, and mark-to-market, treating cryptocurrencies similarly to stocks. Additionally, the bill proposes that no appraisal is needed for crypto donations. Although Lummis initially sought to include this legislation as an amendment to the recently passed OBBB, its future remains uncertain. The bill may need to be attached to a broader legislative package, as passing it as a standalone measure could prove challenging.