Senator Lummis Fights for Bitcoin Miners: End the Double Tax Burden Now!

Bitcoin miners just got a heavyweight ally in Washington. Senator Cynthia Lummis is taking on the IRS over what she calls 'double taxation' of crypto mining operations—and she's not mincing words.

The Wyoming Republican fired off a legislative salvo this week targeting a quirk in the tax code that treats mined BTC as both income *and* property. That means miners get hit twice: first when they create the coin, again when they sell it.

Lummis' move comes as the industry grapples with post-halving economics. With block rewards slashed 50%, miners are squeezing margins wherever they can—and Uncle Sam's double-dip isn't helping.

Critics counter that all businesses pay taxes on inventory. But try explaining that to a miner staring at 30% energy costs while Wall Street hedgies park their BTC in tax-free ETFs.

One thing's clear: in the high-stakes poker game of crypto policy, Lummis just went all-in. Whether Washington folds? That'll take more than a pair of diamond hands.