Senator Pushes to Axe U.S. Taxes on Small Crypto Transactions in Major Budget Overhaul

Could Uncle Sam finally cut crypto traders a break? A bold new proposal buried in Washington's latest budget bill aims to shield small-scale crypto activity from tax burdens—just don't call it a handout.

The de minimis doctrine, but make it digital. While Wall Street whales play tax loophole whack-a-mole, everyday hodlers might score their first regulatory win. The bill's fine print suggests transactions under $200 could fly under the IRS radar—because apparently blockchain surveillance stops mattering below certain dollar amounts.

D.C.'s sudden crypto empathy comes with perfect timing. As election season heats up, so does the battle for the crypto voter. But let's be real—when has Congress ever moved fast on anything involving both taxes and technology?

One cynical take? This 'reform' conveniently drops as on-chain activity metrics flatline. Nothing inspires legislative urgency like dwindling transaction fee revenue. The real question: Will retail traders notice before the next bull run—or will this provision become another forgotten footnote in crypto's regulatory saga?