The House Ways and Means Committee has passed a crypto tax bill. 🇺🇸
The key point: gas fees and transaction fees under $10 are no longer taxed.
To be honest, this is unexpected. Previously, in the U.S., every small transaction on the network was considered a taxable event—and people were drowning in reporting. Bought coffee, paid for gas—be so kind as to calculate it and declare it. Now minor fees have been taken out of taxation. For regular users, this is a real simplification, not just cosmetic.
The bill has moved through committee. Next comes a vote in the House and the Senate. But the fact that the initiative has gained traction says a lot: regulators are starting to understand that crypto isn’t only speculation—it’s also everyday operations that need to be simplified, not strangled.
What do you think—will it reach the president’s signature or get stuck in the Senate? 👇
NFA. DYOR.
#CryptoTax #USCrypto
$BTC
The key point: gas fees and transaction fees under $10 are no longer taxed.
To be honest, this is unexpected. Previously, in the U.S., every small transaction on the network was considered a taxable event—and people were drowning in reporting. Bought coffee, paid for gas—be so kind as to calculate it and declare it. Now minor fees have been taken out of taxation. For regular users, this is a real simplification, not just cosmetic.
The bill has moved through committee. Next comes a vote in the House and the Senate. But the fact that the initiative has gained traction says a lot: regulators are starting to understand that crypto isn’t only speculation—it’s also everyday operations that need to be simplified, not strangled.
What do you think—will it reach the president’s signature or get stuck in the Senate? 👇
NFA. DYOR.
#CryptoTax #USCrypto
$BTC
