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Lawmakers in the US have put forward a discussion draft that would ease tax reporting for small stablecoin payments and let some crypto earners delay taxes on staking and mining rewards.
According to reports, the plan was circulated by Representatives Max Miller (R-Ohio) and Steven Horsford (D-Nev.). The proposal aims to clear up rules that many say are confusing for everyday users and small businesses.
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Stablecoin Safe Harbor For Small Payments
Based on reports, the draft would create a safe harbor for regulated dollar-pegged stablecoins when they are used like cash. Under the plan, capital gains on stablecoin transactions under $200 would be exempt from tax.
That $200 threshold is meant
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