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Urgent: US Crypto Tax Exemption Bill Debate Over Bitcoin Inclusion

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A proposed US Senate bill seeks a de minimis tax exemption for small cryptocurrency transactions under $300, with an annual limit of $5,000. Senator Cynthia Lummis introduced the measure to ease the tax reporting burden for everyday crypto users. The Bitcoin Policy Institute warns that excluding Bitcoin could slow adoption and innovation, labeling it a second-class asset. Questions remain about whether the exemption applies to crypto beyond stablecoins. The bill could shape how the US regulates digital assets.
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