US Edition
Crypto Tax Proposal That Didn't Make It to Trump's Budget Bill Pushed on Its Own
- Senator Cynthia Lummis introduced a digital asset tax bill in 2025 aiming to exempt crypto transactions under $300 and end double taxation on miners and stakers.
- The legislation arose amid broader efforts to update U.S. tax codes to better fit the digital economy under a more crypto-friendly administration.
- Meanwhile, the Trump family has rapidly expanded crypto ventures including World Liberty Financial and a memecoin launched during Trump's inauguration weekend, jointly controlling 80% of the token supply.
- Forbes projected that Trump's total earnings connected to cryptocurrency might approach $1 billion, while Bloomberg assessed his memecoin holdings to be valued at approximately $150 million, and the market value of World Liberty Financial tokens surpassed $2 billion as of June 2025.
- If approved by Congress, the bill could simplify tax rules for digital assets, foster regulatory clarity, and potentially enhance American competitiveness in the digital economy.
46 Articles
46 Articles
Ex-Tri-Cities pastor accused of $5.9M crypto fraud called ‘serious danger’ to community
The former pastor of a Pasco church is back in jail after accusations he committed fraud and tampered with witnesses while awaiting trial in a multimillion dollar cryptocurrency fraud case in federal court.Francier Obando Pinillo, the owner and pastor of Tiempo de Poder Church in Pasco, is accused of contacting alleged victims in the case and of fraudulently soliciting funds for a fake orphanage through Facebook, according to Assistant U.S. Atto…
Crypto Scam Impersonates Trump-Vance Inaugural Committee
“Fraudsters are attracted to valuable cryptocurrency wallets like moths to a flame, and if an individual or entity is investing in crypto, they need to stay up to date on best practices for keeping those assets secure," said Jared Lenow, a partner at Friedman Kaplan Seiler Adelman & Robbins.
From shaky to robust, 6 months of Donald Trump’s second presidency revive his business fortunes
President Donald Trump has profited from the presidency like no one else in American history as the difference between the personal and the professional has ceased to exist. Nearly two-thirds of his $11 billion net worth has come from cryptocurrency ventures in past six months alone.
Trump inflates wealth with $930 million move
President Donald Trump has added at least $620 million ($A930m) to his fortune in a matter of months through a series of cryptocurrency ventures, according to the Bloomberg Billionaires Index — a dramatic and fast-moving shift in how the president and his family are generating wealth.
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