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Email On June 7, 2022, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the Lummis-Gillibrand Responsible Financial Innovation Act (the “Act”), a comprehensive legislative scheme for the regulation of crypto that includes important tax relief measures. Tax proposals introduced by Sections 201-206 and 208 of the Act are described below. https://www.cadwalader.com/resources/articles/the-crypto-industry-is-talking-tax-and-the-senate-is-listening