Bitcoin

would

<p>The bill’s centerpiece is a tax exemption for small crypto purchases. Transactions under $300—such as buying coffee or groceries—would no longer trigger a taxable event, as long as total tax-free gains stay below $5,000 annually. The threshold will adjust for inflation beginning in 2026, paving the way for crypto to function more like traditional currency in daily life.</p>
<p>The <strong><a href="https://x.com/SenLummis/status/1940788036679459022?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1940788036679459022%7Ctwgr%5E6902b34bdb18af601c79e89257f074ada4857b7c%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Fsenator-lummis-introduces-new-crypto-tax-bill-for-bitcoin-users-and-miners%2F" rel="noopener noreferrer nofollow">legislation</a> </strong>also proposes a more practical tax schedule for crypto miners and stakers. Instead of being taxed upon receipt of new tokens, taxes would only apply once those assets are sold, helping to prevent burdensome bills on unrealized income.</p>
<p>Crypto lending and donations would also benefit. Loans of digital assets would no longer be treated as taxable disposals, and donors giving commonly traded tokens to charity would not be required to obtain expensive appraisals.</p>
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<p>Lummis argues the proposal could generate $600 million in revenue over a decade, but says the bigger win is keeping crypto innovation on U.S. soil. Although the bill didn’t make it into Trump’s sweeping new spending package, she’s optimistic it can pass on its own—and she’s calling on the public to weigh in during the comment period now underway.</p>
<p>The post <a href="https://coindoo.com/new-u-s-bill-could-eliminate-crypto-taxes-on-everyday-spending/" rel="noopener noreferrer nofollow">New U.S. Bill Could Eliminate Crypto Taxes on Everyday Spending</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

New U.S. Bill Could Eliminate Crypto Taxes on Everyday Spending

Coindoo.com

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