Congress Explores Staking and Stablecoin Tax Relief Measures

[madmax]

In parallel, Representatives Max Miller and Steven Horsford introduced a discussion draft addressing crypto tax burdens:

Small stablecoin transactions could be exempt from capital gains taxes.

Staking and mining rewards could be deferred for up to five years, giving taxpayers flexibility on income recognition.

These initiatives reflect growing legislative focus on modernizing crypto tax rules, reducing administrative burdens, and supporting wider adoption of blockchain-based networks in the US.

[ed]

feels like lawmakers trying to push crypto adoption without actually taxing the rich whales