US lawmakers propose tax breaks for small stablecoin payments and staking rewards
2025-12-21 08:22:09
U.S. lawmakers have proposed a discussion draft that would ease the tax burden on ordinary cryptocurrency users by exempting small stablecoin transactions from capital gains tax, including a $200 tax exemption for stablecoin payments, and providing new deferral options for staking and mining rewards. According to the draft, if a stablecoin is issued by an issuer approved under the GENIUS Act, pegged to the U.S. dollar, and the transaction price remains within a narrow range of around $1, then users do not have to recognize gains or losses when the transaction amount does not exceed $200.
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