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https://app.stablewatch.io/blog/crypto-taxes-are-changing-what-the-lummis-bill-means-for-stablecoin-users

Crypto Taxes Are Changing: What the Lummis Bill Means for Stablecoin Users

A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also proposes to defer taxes on staking and mining rewards until sale, but does not impact taxation of yield coming from YBSs (yield-bearing stablecoins). Here’s what stablecoin users need to know



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Crypto Taxes Are Changing: What the Lummis Bill Means for Stablecoin Users

https://app.stablewatch.io/blog/crypto-taxes-are-changing-what-the-lummis-bill-means-for-stablecoin-users

A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also proposes to defer taxes on staking and mining rewards until sale, but does not impact taxation of yield coming from YBSs (yield-bearing stablecoins). Here’s what stablecoin users need to know



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https://app.stablewatch.io/blog/crypto-taxes-are-changing-what-the-lummis-bill-means-for-stablecoin-users

Crypto Taxes Are Changing: What the Lummis Bill Means for Stablecoin Users

A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also proposes to defer taxes on staking and mining rewards until sale, but does not impact taxation of yield coming from YBSs (yield-bearing stablecoins). Here’s what stablecoin users need to know

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      A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also proposes to defer taxes on staking and mining rewards until sale, but does not impact taxation of yield coming from YBSs (yield-bearing stablecoins). Here’s what stablecoin users need to know

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      A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also proposes to defer taxes on staking and mining rewards until sale, but does not impact taxation of yield coming from YBSs (yield-bearing stablecoins). Here’s what stablecoin users need to know
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      A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also proposes to defer taxes on staking and mining rewards until sale, but does not impact taxation of yield coming from YBSs (yield-bearing stablecoins). Here’s what stablecoin users need to know
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