income from staking rewards for up to five years.
US Lawmakers Propose $200 Stablecoin Tax Exemption and 5-Year Staking Deferral
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Rep. Max Miller and Steven Horsford released a bipartisan draft bill on December 19 that exempts stablecoin transactions under $200 from capital gains tax. The proposal also allows taxpayers to defer income from staking rewards for up to five years.