<ul data-eligibleForWebStory="false"><li>A new U.S. bill is aiming to eliminate crypto taxes on everyday spending by providing a tax exemption for small crypto purchases under $300.</li><li>The bill also suggests a more practical tax schedule for crypto miners and stakers, where taxes would only apply upon the sale of assets, rather than upon receipt of new tokens.</li><li>Crypto lending and donations would see benefits as well, with loans of digital assets no longer considered taxable disposals and donors not required to obtain expensive appraisals for charity donations.</li><li>Senator Lummis estimates the bill could generate $600 million in revenue over a decade and emphasizes the importance of keeping crypto innovation within the U.S., even though the bill was not included in a recent spending package.</li></ul>

New U.S. Bill Could Eliminate Crypto Taxes on Everyday Spending

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