The U.S. is taking steps to simplify crypto taxation with a proposed tax exemption plan for low-value transactions. Currently, the IRS treats cryptocurrencies like property, meaning every time you use or sell crypto, it’s a taxable event. This plan could remove those burdens for smaller transactions, making it easier for people to use crypto in everyday life.

If passed, this change could encourage broader adoption of coins like Bitcoin and make the regulatory environment more crypto-friendly. Staying updated on these developments is essential for anyone invested in or curious about digital assets.

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