$BTC
On July 4, 2025, Senator Cynthia Lummis introduced a standalone crypto tax bill offering a $300 de minimis exemption per transaction, with a $5, 000 annual cap, deferring miner/staker tax until sale, and easing rules on lending and crypto donations.
This sets crypto spending on par with foreign-exchange
tax-free and reducing compliance hurdles. By deferring
rules-making everyday uses like coffee purchases
staking/mining taxes and aligning lending with
securities, the bill removes barriers that discourage
small-scale engagement.
1Retail adoption could climb if small payments avoid tax
paperwork
- DeFi platforms may see increased on-chain activity
Miners/stakers gain breathing room, reducing liquidity
crunch
Watch for committee hearings and bipartisan support. If
passed, this bill could redefine crypto as a functional medium of exchange-beginning with your next latte.