Bitcoin News said on X that a new Cornell Tech Policy Institute analysis estimates exempting small digital asset purchases from capital gains tax could add about $859 million to U.S. federal revenue over the next 10 years. According to Odaily, Senator Cynthia Lummis' S. 2207 bill would exempt qualifying purchases under $300 from capital gains recognition, with an annual capital gains exclusion cap of $5,000. The study said that under its core assumptions, every $100 in qualifying baseline payments would generate $3.18 in net federal revenue.
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Cornell Tech Policy Institute Analysis Says Small Crypto Purchase Tax Exemption Could Add $859 Million in U.S. Revenue
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