US lawmakers have proposed tax breaks for small stablecoin payments and staking rewards.

According to Mars Finance, US lawmakers have introduced a draft bill for discussion that would alleviate the tax burden on ordinary cryptocurrency users by exempting small stablecoin transactions from capital gains tax, including a $200 tax exemption for stablecoin payments, and providing new deferral options for staking and mining rewards. Under the draft, if a stablecoin is issued by an issuer approved under the GENIUS Act, pegged to the US dollar, and trades within a narrow range of around $1, users would not need to recognize gains or losses on transactions not exceeding $200.