Senator Pushes to Axe U.S. Crypto Taxes for Small Traders in Major Budget Overhaul

Washington’s latest budget battle just got a crypto twist. A senator is mounting a surprise offensive to shield small-time traders from IRS scrutiny—burying the provision in a must-pass spending bill.

The De Minimis Dodge

No more sweating every microtransaction. The proposed carve-out would exempt minor crypto gains from taxable events—finally aligning digital assets with that $600 garage sale loophole your uncle exploits every summer.

Political Calculus

With midterms looming, the move cleverly courts both crypto voters and anti-tax hardliners. Critics call it a backdoor subsidy for ‘degenerate apes’—but since when did Congress care about coherent financial policy?

As Wall Street hedgies lobby against the measure (how else will they arbitrage retail?), one thing’s clear: in D.C.’s budget thunderdome, even Satoshi’s anarchist dream gets weaponized for pork-barrel politics.