NEW: Bitcoin transactions under $600 may no longer be subject to capital gains tax if the Big Beautiful Bill passes.
Translation: Bitcoin is one step closer to legally being considered money in the United States.
Discussion
Holy shit, for real? Is there a particular section number we can reference when we contact our senator?
That’s a good question. I’m not sure. I think the idea David is spreading is to just get the Senator to support the bill in general.
ChatGPT says the $600 de minimus exemption is in an amendment proposed by Senator Lummis. It's not in the House version and the Senate version has yet to pass. House would then need to agree on the revised version as well. Fingers crossed....
We need this limit denominated in sats! Eventually $600 will only buy you a burger and a coke.
Contact your elected officials and let them know!
Cool
