U.S. crypto tax bill unveiled: fees up to $10 exempt
- —Fees and network charges up to $10 would be exempt from tax
- —The exemption does not apply with more than 5,000 transfers in the previous year
- —The document covers wash-sale rules, mining, staking and broker requirements
- —Chances of passage in 2026 are assessed as low due to a lack of time
Why it matters: Eliminating the tax on small fees would simplify crypto transactions, but the bill's fate remains uncertain until the end of the year.
Source: Bitcoin.com