[U.S. Senator Lummis: Progress Being Made on Crypto Tax Rules in the Senate] According to a report by Jinse Finance, cryptocurrency advocate and Senator Cynthia Lummis stated that the Senate Finance Committee is making progress on legislation regarding the taxation of digital assets. Speaking at the BTC in DC event in Washington, D.C., on Tuesday, the crypto-friendly Wyoming Republican said: 'From what I understand, the draft being prepared by the Senate Finance Committee contains 10 provisions, 9 of which were proposed by us, plus 1 additional provision. So, I believe we are making progress in this area.' Back in July, Cynthia Lummis introduced legislation aimed at modernizing the tax treatment of digital assets. This included a de minimis provision to exclude gains or losses on crypto transactions under $300 from taxation, declaring that lending digital assets is not a taxable event, among other measures.