Internet reports that U.S. Senator Cynthia Lummis proposed a comprehensive digital asset tax bill today to achieve a number of key results for the encryption industry and to create a level playing field for digital asset users across the United States. Cynthia Lummis said: "To maintain America's competitive advantage, we must reform the tax code to adapt to the digital economy, rather than impose a burden on users of digital assets. The public is welcome to submit comments on this legislation and strive to get it to the president's desk as soon as possible." According to estimates by the Congressional Joint Committee on Taxation, the bill is expected to generate net revenue of approximately $600 million during the fiscal year 2025 to 2034. The bill proposes reform proposals on a number of digital asset taxation issues, including: tax exemption for small transactions: establishing a minimum rule of $300, eliminating double taxation between miners and pledgers, and equal taxation between digital assets and traditional financial assets (such as loans, launder, taxation based on market value, etc.), charitable donations do not require valuation reports.