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U.S. Senator: From a Policymaking Perspective, Owning Bitcoin Is No Different Than Owning a Cow

By WebsCryptoApril 1, 20221 Min Read
U.S. Senator: From a Policymaking Perspective, Owning Bitcoin Is No Different Than Owning a Cow
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U.S. Senator Cynthia Lummis is preparing to introduce the Responsible Financial Innovation Act, which will affect how cryptocurrencies are taxed. From a policy-making perspective, owning BTC -0.06%-news/">Bitcoin is no different than owning a cow, she said.

As a senator in office in 2020, Lummis reported holding $50,000 to $100,000 worth of BTC, and in August 2021, she reported buying an additional $50,000 to $100,000 worth of BTC. She did not receive any income from the sale of the assets.

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