Wyoming Senator Cynthia Lummis pushes $300 crypto tax break as CLARITY Act stalls in Senate

Wyoming Senator Cynthia Lummis is renewing efforts to establish a $300 de minimis tax exemption for small crypto payments as the Senate reviews a digital asset market structure bill that passed the House as the CLARITY Act in July 2025. She has proposed separate legislation capping eligible crypto transactions at $300 each and $5,000 annually, even as she plans to leave the Senate in January 2027.