Bipartisan U.S. Lawmakers Propose Tax Bill with Crypto Relief for Stablecoins and Staking

A bipartisan group of U.S. lawmakers has drafted new tax legislation aimed at providing regulatory clarity and relief for the cryptocurrency sector. The proposed bill specifically addresses the treatment of stablecoins and income from staking activities. Key provisions seek to establish clear tax reporting rules for stablecoin transactions and create exemptions for small-scale staking rewards, potentially reducing the administrative burden on crypto investors and validators. This legislative effort is seen as a significant step towards creating a more comprehensive federal framework for digital assets, which could foster greater innovation and adoption in the United States. The move has been welcomed by industry advocates who have long called for clearer guidelines to support the growing crypto ecosystem.