U.S. senator moves to introduce bill to promote Bitcoin (BTC) mining

Source
JH Kim

Summary

  • Sen. Cynthia Lummis said she is preparing to introduce legislation to promote Bitcoin mining in the United States.
  • She said the bill includes provisions to reduce capital gains taxes if miners sell the Bitcoin they have mined to the government.
  • She said the move is interpreted as signaling a policy direction in which the U.S. aims to strengthen digital-asset ecosystem competitiveness by attracting the mining industry.

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Speculation is growing that the United States could move to support the Bitcoin (BTC) mining industry.

According to Unfolded on the 30th (local time), Sen. Cynthia Lummis is preparing to introduce legislation aimed at encouraging Bitcoin mining in the U.S.

The bill is said to include provisions to reduce capital gains taxes if miners sell the Bitcoin they have mined to the government.

The move is interpreted as signaling a policy direction in which the U.S. seeks to bolster the competitiveness of its digital-asset ecosystem by attracting the mining industry.

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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