Overview
- The draft would exempt regulated dollar‑pegged stablecoin payments under $200 from capital gains tax.
- Participants earning staking or mining rewards could elect to defer income recognition for up to five years, with taxation at fair market value afterward as ordinary income.
- Eligible crypto traders could choose mark‑to‑market accounting that recognizes annual unrealized gains and losses.
- Wash‑sale restrictions would be extended to digital assets to limit tax‑loss harvesting.
- The framework remains a draft for House Ways and Means consideration, and it includes capital gains exemptions for foreign traders using U.S. platforms.