Senator Lummis supports a tax waiver on small-scale crypto activity in the coming budget legislation. The initiative aligns with a broader vision of making crypto more accessible and appealing for everyday use.
Source: X
Similarly, reports suggest that Trump’s ‘Big Beautiful Bill’ may include a ‘Hail Mary’ Bitcoin tax exemption. The goal – to reduce the tax burden on minor crypto transactions, making digital assets more accessible to people for everyday transactions.
As the current tax complexities often deter new users and small-scale transactions, Lummis’ initiative is a critical step toward increased crypto adoption.
Market Impact on Top Crypto & Why It Matters
The implication of these tax exemptions could have a transformative effect on the crypto market, making it more appealing to new and existing traders.
A tax reduction (or complete waiver) for small crypto transactions would remove a major hurdle for casual users, encouraging them to experiment with digital currencies without fear of complex tax reporting.
Usability is a powerful catalyst for adoption. For the broader market, exemptions could lead to increased liquidity and trading volume as more people feel comfortable engaging with crypto.
Furthermore, the legislative shift could create a particularly favourable environment for new crypto projects entering the market, especially those in presale stages like Best Wallet Token ($BEST), Dogwifhat ($WIF), and Snorter Token ($SNORT).
Given the context, investors might be more inclined to invest in some of the top cryptos out there, anticipating higher net returns on early investments.
-
Best Wallet Token ($BEST) – Redefining Crypto Convenience
Legislation may make crypto more accessible, but the assets’ utility remains paramount for true adoption. This is where Best Wallet Token ($BEST) truly shines, offering an unique proposition for users looking to maximize their Web3 experience.
Upcoming features, designed to integrate crypto into daily life, include the upcoming Best Card, which gives you Mastercard-enabled crypto payments for day-to-day transactions.
Source: Best Wallet Token
$BEST also provides concrete benefits for holders, reducing transaction fees across the Best Wallet ecosystem, making every crypto interaction more cost-effective. Furthermore, $BEST holders gain exclusive access to new presales through the ‘Upcoming Tokens’ feature directly in the wallet.
That’s one of the project’s standout features that, so far, is unique only to Best Wallet Token. And as the native token of non-custodial solution Best Wallet, $BEST is showing a strong social media engagement across its X (72K+ followers) and Telegram platforms (48K+ subscribers), solidifying its long-term potential as a leading wallet token.
You can buy $BEST for $0.025265 but only for a short while as another price rise is imminent. To participate in the presale, visit the official website, connect your wallet to the widget, and go through the purchase process. You’ll receive the tokens once the presale’s over.
2. Dogwifhat ($WIF) – Where Culture Meets Crypto
Everyone’s looking at the crypto market with rapt attention, and this could even see meme coins rally if tax breaks are put in place. Driven by its viral internet presence and strong community engagement, Dogwifhat ($WIF) is a Solana-based meme coin featuring a Shiba Inu wearing a distinctive pink knitted hat.
Just like many its brethren, $WIF embraces its identity as a pure meme.
Source: Dogwifhat
Its value comes from community sentiment, social media trends, and pure playful passion. Despite its simplicity, Dogwifhat has garnered substantial attention, even achieving listings on major exchanges and boasting a market cap of $811M+. Why buy $WIF? Because of community and the phenomenon of meme culture within crypto, both of which are strong in this dog with a hat.. You become part of a shared narrative, untied by humour and the viral appeal.
And because it’s on Solana, $WIF benefits from higher transaction speed and lower fees, making it accessible for quick trades and micro-transactions that often characterize meme coin activity.
$WIF can be bought on all good exchanges for around $0.81.
3. Snorter Token ($SNORT) – Outsmart the Market with Snorter Bot
Accessibility is key to a token’s success, but adoption is equally important for sustainable growth. And this is achieved through user benefits. One project with real competitive edge is Snorter Token ($SNORT), a Solana-based Telegram trading bot designed to empower traders.
Snorter Token ($SNORT) offers tools traditionally reserved for whales, including lightning-fast swaps, automated sniping of new launches, MEV protection, and smart copy-trading. This aims to level the playing field, allowing you to capitalize on opportunities early.
Source: Snorter Token
$SNORT token holders benefit from reduced trading fees (down to 0.85%), and access to a substantial staking pool offering high APY (240% currently).
Audited by Coinsult and Solidproof with no critical issues found, $SNORT is building a multi-chain presence with plans to expand from Solana to Ethereum, BNB Chain, Polygon, and Base.
You can buy $SNORT for $0.0969.
The Importance of Due Diligence
As the crypto landscape continues to evolve, with potential tax exemptions aiming to make digital assets more accessible, it’s crucial for you to do your own research before making any investment decisions.
While projects like Best Wallet Token ($BEST) offer compelling utility through reduced fees and early access to presales, and Snorter Token ($SNORT) offers advanced trading tools for the meme coin market, you should weigh their potential against your risk tolerance and investment goals.
Always do your own research and never invest more than you can afford to lose. And remember that the crypto market is inherently volatile!
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
