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Cynthia Lummis: “We put together a package that was slightly revenue positive…”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

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BITCOIN's Next Act: A Conversation with Sen. Cynthia Lummis | Wyoming Blockchain Symposium

Published | Video Starts at 14:16

I mean, if you've got a 5,000 annual cap, just go with a cap of 5,000 and don't worry about how many smaller transactions are there. We want to make sure there's not double taxation on miners and stakers. We put together a package that was slightly revenue positive because we were told if your proposal is revenue negative, forget about it. So we made sure that we put something together that would score positive. It did. And we still didn't get it in the one big beautiful bill. (14:16–14:30)

CLAIM

Asserts that a revenue-positive package was created to ensure consideration by policymakers.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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