The U.S. Congress has new actions. Two House representatives—Republican Max Miller and Democrat Steven Horsford—collaborated to draft a framework for cryptocurrency taxation, intending to establish a new set of tax rules for stablecoin transactions and stake income.

What are the key points of this draft? It stipulates that transactions or rewards not exceeding $200 per transaction can receive certain tax benefits. This means that small stablecoin transactions and stake rewards may fall under the exemption.

Why is this matter worth paying attention to? The crypto community has always had opinions on tax policies, feeling that the current rules are too strict. The emergence of this bipartisan proposal indicates that there are indeed people in Congress thinking about how to provide a more friendly policy environment for the market. The trading volume of stablecoins is huge, and staking is also at the core of DeFi. If these two areas can be relaxed, it will provide tangible help for the development of the entire ecosystem.

However, there is still a long way to go from draft to formal bill, but at least the direction is correct — the political arena is starting to take the tax rationality of Crypto Assets seriously.