Cynthia Lummis doubts crypto tax bill will pass this year
- —Lummis said tax-related action on digital assets in the lame duck would surprise her
- —Senate Finance Committee members are wary of reopening the tax code post-election
- —The House Ways and Means Committee passed H.R. 10357 on Sept. 16 in a 38-5 vote
- —The bill covers de minimis exemptions, mark-to-market accounting, wash sales, mining and staking
Why it matters: Without new legislation, crypto taxpayers remain under the existing framework, and everyday crypto payments stay a paperwork headache.
Source: Crypto Briefing