Wyoming senators have revived a proposal to exempt small crypto transactions from taxation during market structure discussions.

CoinFeed reported on March 10th, citing Cointelegraph, that Wyoming Senator Cynthia Lummis, who will leave office in January 2027, has revived a proposal to exempt small-value cryptocurrency transactions from capital gains tax during Senate debate on the Digital Asset Market Structure Act. In an interview with CNBC, Lummis stated that the House Ways and Means Committee and the Senate Finance Committee are considering establishing a $300 tax exemption, allowing users to avoid paying capital gains tax on payments. Lummis previously introduced a separate bill in July 2025 proposing a capital gains tax exemption for crypto transactions under $300, with an annual cap of $5,000. She stated that she is seeking a balance to determine when Bitcoin transactions should be subject to capital gains tax and when they should be used as a simple medium of exchange, similar to the US dollar.