U.S. legislators have proposed a discussion draft that aims to reduce the tax burden on ordinary cryptocurrency users by exempting capital gains tax on small stablecoin transactions, including a $200 tax exemption for stablecoin payments, and providing new deferral options for staking and mining rewards. According to the draft, if the stablecoin is issued by an issuer approved under the GENIUS Act, pegged to the US dollar, and the transaction price remains within a narrow range around $1, then users do not need to recognize gains or losses for transaction amounts not exceeding $200.
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US lawmakers have proposed tax breaks for small stablecoin payments and staking rewards.
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