US Lawmakers Propose Tax Breaks for Small Stablecoin Payments and Staking Rewards - Brave New Coin

US Lawmakers Propose Tax Breaks for Small Stablecoin Payments and Staking Rewards - Brave New Coin: $200 Tax-Free Threshold for Stablecoin Payments The legislation would create a safe harbor for stablecoin transactions under $200. This means people could make small purchases without worrying about calculating capital gains taxes. However, not all stablecoins would qualify for this exemption. To be eligible, stablecoins must meet specific requirements outlined in the GENIUS Act, which President Trump signed into law in July 2025. The stablecoin must be pegged to the U.S. dollar and maintain a price within 1% of $1.00 for at least 95% of trading days over the past year. Brokers and dealers cannot claim this exemption.