As reported by Bijiawang, a bipartisan draft bill in the U.S. proposes tax exemptions for stablecoin transactions under $200. The Digital Asset Equality Act, introduced by Rep. Max Miller (R-OH) and Rep. Steven Horsford (D-NV), aims to reduce administrative burdens for everyday payments by exempting low-value, dollar-pegged stablecoin transactions from capital gains tax. The exemption would apply to tax years beginning after December 31, 2025, and only for stablecoins issued by authorized entities that maintain a price within 1% of $1 on at least 95% of trading days over the past year. The bill also introduces a five-year tax deferral for staking and mining rewards, treating them as taxable income upon receipt but allowing a delayed tax payment until the end of the deferral period.
Bipartisan U.S. Bill Proposes Tax Exemption for Small Stablecoin Payments Under $200
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Summary
A bipartisan U.S. bill proposes tax exemptions for small stablecoin payments under $200, targeting the digital asset market. The Digital Asset Equality Act, led by Rep. Max Miller and Rep. Steven Horsford, would exempt low-value, dollar-pegged stablecoin transactions from capital gains tax. The exemption applies to tax years after 2025 for stablecoins issued by authorized entities. The bill also includes a five-year tax deferral for staking and mining rewards. Altcoins to watch may gain clarity as regulatory frameworks evolve.
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