The proposal would extend tax relief for small transactions to Bitcoin, arguing the asset is already used in a real economy and merits broader coverage.
Coin Center’s Director of Policy called on U.S. lawmakers to adopt a de minimis tax exemption for Bitcoin transactions, arguing the exemption should be broadened to include assets that are used for everyday economic activity. In remarks highlighted in the source, the policy director said, “The de minimis exemption should go further to cover some of these assets like Bitcoin, where there is a very real economy for using it.” The push targets a long-running friction point in U.S. crypto taxation, where even small purchases made with appreciated digital assets can trigger taxable events.