Senator Lummis Advocates for Bitcoin Tax Reform to Foster Innovation
U.S. Senator Cynthia Lummis is leading a charge to modernize cryptocurrency taxation policies, highlighting how outdated laws are stifling the Bitcoin ecosystem. Current regulations, originally designed for traditional assets, impose undue burdens on Bitcoin miners and DeFi participants through double taxation and transactional inefficiencies. Senator Lummis, a Republican from Wyoming, argues that these legacy frameworks create significant operational challenges for digital asset innovators. Her efforts aim to eliminate these hurdles, fostering a more conducive environment for Bitcoin and blockchain technology to thrive. This push for reform comes at a critical time as the cryptocurrency sector continues to expand, with Bitcoin remaining at the forefront of digital asset innovation. By addressing these tax disparities, Senator Lummis hopes to position the U.S. as a leader in the global crypto economy while ensuring fair and practical regulations for all stakeholders involved.
Senator Lummis Challenges Outdated Crypto Tax Laws as Threat to Bitcoin Ecosystem
U.S. Senator Cynthia Lummis is spearheading efforts to reform cryptocurrency taxation policies, arguing that current regulations disproportionately burden Bitcoin miners and DeFi participants. The Wyoming Republican contends that legacy tax frameworks—designed for traditional assets—create operational hurdles for digital asset innovators through double taxation and transactional friction.
Miners face particular strain under existing rules, liable for income tax upon block reward receipt and capital gains tax upon subsequent sale. This dual-layer obligation, Lummis asserts, stifles profitability and infrastructure expansion. Meanwhile, DeFi users risk triggering taxable events through routine protocol interactions—a systemic disincentive to participation.
The senator is advocating for legislative reconciliation to expedite policy amendments, positioning regulatory modernization as critical for maintaining U.S. competitiveness in blockchain development. Her campaign highlights growing tensions between innovative financial technologies and legacy fiscal frameworks.
The Blockchain Group Secures €10B Shareholder Approval for Bitcoin Expansion
The Blockchain Group, Europe's first bitcoin Treasury Company listed on Euronext Growth Paris, has secured overwhelming shareholder approval to raise over €10 billion through new share and security issuances. The capital will be deployed to accelerate Bitcoin acquisitions as part of its treasury strategy.
Shareholders greenlit multiple fundraising options, including public offerings and private placements. The MOVE follows a recent €63.3 million convertible bond sale that funded the purchase of 590 BTC. The company currently holds 1,471 BTC worth $161 million and aims to control 1% of Bitcoin's total supply by 2032.
Alexandre Laizet joins as Deputy CEO to lead Bitcoin strategy execution. The aggressive accumulation plan reflects institutional confidence in Bitcoin's long-term value proposition amid growing corporate treasury adoption.
Bitcoin Price on the Rise: Will It Break $175K and Start a Super Cycle?
Bitcoin could surge by 60% to hit $175,000 if it breaks key resistance, though a short-term rise is unlikely. Analyst Egrag crypto highlighted the potential for a Super Cycle initiation upon surpassing the blue arc resistance level, while tempering near-term expectations.
ETF inflows signal growing institutional interest, with Daan Crypto Trades noting revived investment flows despite a recent dip in spot premiums. This capital movement may sustain Bitcoin's upward trajectory, though a temporary correction could emerge if inflows stagnate—a classic market top indicator.
The market exhibits characteristic volatility, with long-term Optimism counterbalanced by short-term caution. A confirmed breakout above $175,000 would represent a paradigm shift, but traders remain watchful of evolving ETF dynamics and resistance levels.
Connecticut Enacts Sweeping Ban on Government Crypto Investments
Connecticut has taken a decisive stand against cryptocurrency adoption by state and local governments. The General Assembly unanimously passed House Bill 7082, now Public Act No. 25-66, establishing the nation's most restrictive crypto legislation. The law prohibits all government entities from purchasing, holding, or investing in VIRTUAL currencies, including Bitcoin.
The legislation goes beyond investment bans, mandating prominent fraud warnings for crypto businesses and requiring full disclosure of material risks. This move starkly contrasts with the national trend, where 31 Bitcoin reserve bills remain active across 16 states. Connecticut's approach effectively blocks any future state-sponsored digital asset initiatives while overhauling money transmission statutes.
Tether to Open-Source Bitcoin Mining Software, Leveling the Playing Field
Tether, the issuer of USDT, announced plans to open-source its Bitcoin Mining OS (MOS) by Q4 2025. The move aims to democratize Bitcoin mining by enabling smaller operators to bypass commercial software and third-party hosting services.
CEO Paolo Ardoino framed the decision as a decentralization push. "This will empower a new wave of mining activity," he stated on X, emphasizing how reduced reliance on proprietary systems could redistribute network control away from large-scale miners.
The MOS platform—compatible with hardware ranging from Raspberry Pi setups to industrial operations—will integrate Tether's QVAC AI tool for efficiency optimization. Market observers note the timing coincides with growing regulatory scrutiny over mining centralization.
Extended Crypto Cycle Ahead, Says Bitwise CIO as Bitcoin Hits $110K
Bitcoin's surge past $110,000 signals a potential shift in market dynamics, with Bitwise Chief Investment Officer Matt Hougan predicting an extended bull cycle. The traditional four-year boom-and-bust pattern may be giving way to a longer, more sustained rally.
Regulatory tailwinds are unlocking pent-up innovation. "Applications and real-world use cases were artificially suppressed by the hostile regulatory environment of 2020-2024," Hougan notes. With stablecoins, DeFi, and tokenization infrastructure now mature, the sector resembles a coiled spring ready for rapid adoption.
Market momentum supports this thesis. Bitcoin's current price trajectory—unthinkable in previous cycles—could potentially reach $150,000 as institutional barriers continue falling. The convergence of regulatory clarity and technological readiness creates fertile ground for exponential growth.
