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US Lawmakers Propose $200 Stablecoin Tax Exemption and 5-Year Staking Reward Deferral

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US Representatives Max Miller and Steven Horsford have released a draft proposing a $200 stablecoin tax exemption for small transactions involving dollar-pegged, regulated payment stablecoins. The bill also introduces a five-year tax deferral for staking and mining rewards, targeting the issue of 'phantom income' in capital gains tax calculations. Additional measures include wash sale rules and mark-to-market accounting options for traders. The proposal aims to modernize tax policy for digital assets, improving liquidity and crypto markets efficiency as stablecoins play a larger role in payments.
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