lawmakers

US #lawmakers are actively debating how cryptocurrencies should be treated under federal tax policy, with discussions gaining urgency during the ongoing government shutdown. At Wednesday’s Senate Committee on Finance hearing, senators considered whether crypto transactions should qualify for special exemptions to encourage broader adoption and industry growth.

Key points of the debate included proposals for a de minimis tax exemption on everyday crypto transactions and clarification on how staking income should be classified. Lawrence Zlatkin, vice president of tax at , urged lawmakers to introduce an exemption of up to 3000 dollars for small-scale transactions. He argued such a policy would make cryptocurrency more practical for payments while ensuring that innovation remains centered in the United States.

The outcome of these discussions could shape the future of crypto usage in commerce and determine how the industry develops under U.S. regulation.