Senator Lummis’s amendment introduced a $300 de minimis exemption and a $5,000 annual cap on tax-free crypto transactions

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The idea of making small transactions tax-free (capped at $5,000 in overall transactions each year) would eliminate much of the burden of working out capital gains

Lummis sought on Monday to insert language into Congress' "Big Beautiful Bill" that would, among other things, waive taxes on small crypto transactions below $300