U.S. Senators Cynthia Lummis and Bill Cassidy have introduced a new cryptocurrency tax bill that proposes a $300 de minimis exemption for digital asset transactions. The legislation aims to modernize tax policies by eliminating double taxation on crypto mining and staking activities. According to the Congressional Joint Committee on Taxation, the bill could generate $600 million in net revenue by 2034. This initiative seeks to provide regulatory clarity and foster a more favorable environment for digital asset innovation in the United States.