🚨 U.S. Crypto Tax Reform Bill: $300 Tax-Free Trades & Delayed Mining Taxes! 🇺🇸

Big news for crypto users in the U.S.! Senator Cynthia Lummis has unveiled a major tax reform bill aiming to simplify crypto taxation. Here are the highlights:

🔹 $300 Small Transaction Exemption

No capital gains tax on crypto payments under $300 (up to $5,000/year). This makes crypto payments for daily purchases much easier!

🔹 Mining/ Staking: No More Double Taxation

Pay taxes only when you sell your mined or staked crypto — not when you receive it.

🔹 Clear Rules for Lending & Donations

Borrowing stablecoins with crypto collateral won’t trigger taxes. Donating crypto gets you tax deductions too.

📊 What This Means for Crypto:

✔️ Retail crypto use could surge.

✔️ Mining & staking businesses get major tax relief.

✔️ Clearer compliance = faster growth for DeFi & exchanges.

⚠️ Next Up:

The bill is still awaiting Senate approval (target 2026 start). Stay tuned — this could be a game-changer for crypto adoption in the U.S.

#CryptoTax #BTC #ETH #DeFi #Staking #Mining #USCryptoLaw #BinanceSquare #CryptoNews

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