'Looks bad': MAGA Rep's wife bought over $50K in Bitcoin same day he pushed crypto tax cut

A far-right lawmaker running for governor of Florida was lobbying the IRS to write more favorable rules for cryptocurrency, the same day his wife purchased at least $50,000 in Bitcoin, Notus reported on Friday.

According to the report, Rep. Byron Donalds joined 18 other lawmakers urging Scott Bessent, the Treasury secretary currently also serving as acting IRS commissioner, to eliminate a rule that treats "staking rewards," or tokens earned by investors when they secure their cryptocurrency on the blockchain, as taxable income.