In July 2025, Wyoming Senator Cynthia Lummis introduced a significant bill aimed at removing tax barriers for small Bitcoin transactions. This bill proposes a de minimis tax exemption for digital asset transactions under $300, with an annual limit of $5,000. The legislation seeks to simplify tax compliance for individual users engaging in minor transactions, encouraging broader adoption of cryptocurrencies. If passed, it would represent a major step toward clearer and more favorable tax treatment of digital assets at the federal level, potentially setting a precedent for other states to follow.