A Big Win for Everyday Crypto Users: $200 Stablecoin Transactions Could Go Tax-Free

[cryptoenthusiast]

Draft bill explains the reasoning behind tax breaks. Source: House

US lawmakers are finally acknowledging how crypto is actually used. A new discussion draft introduced by Representatives Max Miller and Steven Horsford would exempt small stablecoin payments — up to $200 per transaction — from capital gains taxes.

The goal is simple: stop taxing routine spending. Buying coffee or paying a friend with a dollar-pegged stablecoin shouldn’t trigger a taxable event. The exemption would apply only to regulated stablecoins under the GENIUS Act, with safeguards to prevent abuse if prices drift from $1.

If passed, this could remove one of the biggest friction points holding back crypto payments in the US.

[johnblockbuster]

paying for coffee with crypto shouldnt be taxed