U.S. Congressman pushes new bill: Stablecoin transactions under $200 may be tax-exempt, staking and mining can be deferred for five years

【Blockchain Rhythms】There is a new development worth paying attention to. U.S. House Representatives are drafting a cryptocurrency tax proposal called the “Digital Asset Equity Act.” The core content of this bill is quite friendly—stablecoin transactions under $200 will be exempt from capital gains tax, meaning small transactions generally don’t have to worry about tax issues.

What’s more attractive is that staking and mining rewards have been granted a five-year tax deferral option. This is good news for users involved in PoS staking and mining, as it provides more flexibility in tax planning.

Overall, this bill to some extent reflects a gradual shift in U.S. lawmakers’ attitude toward the cryptocurrency market. Although still in the draft stage, this policy direction indeed sends some positive signals to the market.