US Senator Eyes Bill to Foster Bitcoin Mining Industry

US Senator Cynthia Lummis is reportedly working on legislation that seeks to encourage Bitcoin mining in the United States. According to sources, the bill will include provisions that reduce capital gains taxes for miners who sell their Bitcoin to the government.

This development comes as the US aims to bolster its digital-asset ecosystem by attracting the mining industry. The move is expected to have a positive impact on the cryptocurrency market, particularly if it becomes law.