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U.S. Congress Proposes $200 Tax-Free Threshold for Stablecoin Transactions

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As reported by AMBCrypto, U.S. Congress is proposing a tax exemption for stablecoin transactions valued at $200 or below. The bipartisan effort, led by Reps. Max Miller and Steven Horsford, aims to establish a de minimis threshold for small transfers. Users often ask, *is KuCoin safe* for such transactions? This aligns with existing foreign currency rules. A similar $300 exemption by Senator Cynthia Lummis failed in 2025. Meanwhile, stablecoin yields on platforms like Gemini and Coinbase face pushback from banks. Industry leaders, including Tyler Winklevoss, support stablecoin regulations like the GENIUS Act.
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