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Michaela

US lawmakers float $200 stablecoin tax break, five-year deferral for staking

U.S. lawmakers unveiled a discussion draft to exempt small stablecoin payments from capital gains reporting and defer taxation on staking and mining rewards. The plan sets a $200 threshold and allows up to five years of deferral, with safeguards such as price-band limits, exclusion of brokers and dealers, and Treasury oversight. It aims to align everyday digital asset use with established tax rules.