Crypto Tax Break Bombshell: Lummis & Moreno Drop Regulatory Relief Bill
Washington’s crypto cold war thaws as Senators Lummis and Moreno unveil a controversial tax overhaul—just as Wall Street banks ’discover’ blockchain for the 47th time.
## The Deets: Less IRS, More WAGMI
The bipartisan bill slashes capital gains reporting for sub-$200 transactions and exempts miners from broker classification—a direct shot at the SEC’s enforcement-heavy approach. Crypto traders could keep more gains while the feds get fewer paperwork wins.
## Why It Matters (Besides the Obvious)
With 2025 shaping up as crypto’s make-or-break regulatory year, this move forces Democrats to pick sides: innovation allies or tax-collecting hardliners? Meanwhile, Bitcoiners whisper ’about damn time’ between sips of orange-pilled Kool-Aid.
## The Cynic’s Take
Watch traditional finance lobbyists suddenly develop ’concerns’ about tax fairness—right after their clients finish front-running the policy via dark pool OTC trades. The more things change...
