Summary
- It was reported that a bill to exempt taxes on small-scale virtual asset transactions under $300 is expected to be introduced in the United States.
- Senator Lummis stated that tax exemption on small transactions within an annual total limit of $5,000 would reduce the capital gains calculation burden for small investors.
- It was reported that the Senate vote on the proposed amendment has not yet taken place.
A bill that fully exempts small-scale virtual asset (cryptocurrency) transactions from taxes is expected to be introduced in the United States.
According to the cryptocurrency-focused media outlet CoinDesk on the 30th (local time), Senator Cynthia Lummis is seeking to add provisions such as 'tax exemptions for virtual asset transactions under $300' to President Donald Trump's tax reform bill (Big Beautiful Bill).
Senator Lummis stated, "If tax exemptions for small transactions are provided within an annual total transaction limit of $5,000, this would significantly reduce the capital gains calculation burden on small investors participating in digital asset transactions," adding, "this could increase the accessibility of virtual assets."
A Senate vote on the proposed amendment has not yet taken place.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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