Senator Cynthia Lummis (R-Wyo.) signaled that she would be open to meet with Treasury Secretary Scott Bessent’s office to explore potential clarity on Bitcoin taxation, including a de minimis exemption for small transactions and guidance on calculating capital gains.

Lummis was one of the lawmakers who pressed Bessent today on digital assets and clear U.S. regulation. 

Bessent was speaking to the Senate Banking, Housing and Urban Affairs Committee about the Financial Stability Oversight Council’s annual report — essentially a high‑profile Senate hearing on U.S. financial stability where he is being questioned on economic policy and oversight issues.

The hearings have…

Read more on BitcoinMagazine