U.S. Senator Cynthia Lummis has introduced a bill promising to alter the nature of cryptocurrency taxation by exempting microtransactions under $300 from capital gains tax.
Tax Innovations for Microtransactions
The bill will exempt crypto payments under $300 from capital gains tax with an annual limit of $5,000. These thresholds will be adjusted for inflation starting in 2026.
Delay in Taxation on Rewards
The bill implies that income from lending and staking crypto will be taxed only at the point of sale of tokens, offering users greater clarity and relief.
Market and Expert Reactions
Among the general positive reactions to the bill are comments on platforms Reddit and X, where users point out that exemption from tax on low-value transactions could significantly simplify everyday use of cryptocurrencies.
The crypto tax bill introduced by Senator Lummis is seen as an important step towards simplifying tax legislation and could influence the future digital asset taxation policy in the U.S.
