Key Takeaways
- Senator Cynthia Lummis is drafting a new amendment to protect Bitcoin users from tax penalties.
- The amendment is tied to the Oversight of Build Back Better (OBBB) framework.
- No specific details have been released yet on what the amendment will include.
Senator Cynthia Lummis revealed she is working on a new amendment designed to protect Americans who use Bitcoin and other digital assets from tax-related penalties.
The announcement, shared via social media, indicates the amendment will be added to ongoing legislative efforts connected to the Oversight of Build Back Better (OBBB) framework.
Statement from Senator Lummis
Lummis posted:
America leads in financial innovation, and thanks to President Trump, we are keeping it that way! I am working on an OBBB amendment to ensure Americans can use digital assets without fear of tax violations.
America leads in financial innovation, and thanks to President Trump, we are keeping it that way! 🇺🇸 I am working on an OBBB amendment to ensure Americans can use digital assets without fear of tax violations. More to come soon!
— Senator Cynthia Lummis (@SenLummis) June 30, 2025
Details & legislative context
While the specific details of the amendment remain undisclosed, her statement suggests a broader effort to shield everyday Bitcoin users from complex or punitive tax rules.
The move comes as the Senate prepares to vote on a separate amendment that would exempt Bitcoin payments under $600 from capital gains tax reporting requirements.
Advocacy & legislative focus
David Bailey, a vocal Bitcoin advocate, has urged supporters to contact their senators about this vote, which could take place as early as tonight.
Though Lummis’s amendment is distinct, it adds to a wave of legislative focus on reducing tax friction for Bitcoin users.
Timeline for introduction
No timeline has been provided for when her proposed amendment will be formally introduced or debated.
