Bitcoin Mining Bill: Senator Lummis Proposes Revolutionary Tax Incentive Plan to Boost US Crypto Industry
Senator Cynthia Lummis is reported to be preparing legislation offering tax incentives to Bitcoin miners who sell Bitcoin to the Treasury.

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Senator Cynthia Lummis is reported to be preparing legislation offering tax incentives to Bitcoin miners who sell Bitcoin to the Treasury.

The article says Senator Cynthia Lummis is preparing a bill that would let Bitcoin miners sell newly mined Bitcoin to the Treasury in exchange for tax reductions. It presents the proposal as a way to encourage U.S. mining, while noting concerns about energy use, market volatility, and government involvement in cryptocurrency markets.
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