Senator Cynthia Lummis just dropped a major crypto tax proposal, which could shake up how the IRS handles staking, lending, tax loss harvesting, and small DeFi transactions.The Digital Asset Tax Fairness Act isn’t law yet, but if passed, it would introduce 6 new rules that every crypto investor needs to understand. Clinton from DROPS breaks down what’s smart in the bill… and what makes zero sense.Key Proposals Covered in This Video:• How staking & mining rewards would be taxed only when sold• The end of appraisal headaches for crypto donations• A win for active traders with mark-to-market options• Why crypto lending might finally be tax-exempt• The return of the dreaded wash sale rule• The de minimis rule sounds good, but it still makes you track everythingClinton also shares smarter ideas that Congress should consider—like removing capital gains tax from crypto entirely.Whether you're staking on DeFi platforms, donating crypto, or trading daily, this proposal affects you.📬 Need help filing your crypto taxes or responding to an IRS letter?👉 Visit https://www.CryptoTaxAudit.com for expert help with tax strategy, gain calculations, and audit defense.💬 What do you think of the wash sale rule for crypto? Should Congress ditch it for everyone? Drop your thoughts below ⬇🔔 Subscribe to DROPS for weekly crypto tax intelligence, enforcement alerts, and smart tax strategies for crypto traders.
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