Senate Introduces Bill Announcing Tax Exemption on Small Bitcoin Transactions

  • The Virtual Currency Tax Fairness Act is being introduced today by Senator Patrick Toomey and Krysten Sinema to provide tax exemption for bitcoin transactions up to $50, or trades which net a gain of up to $50.
  • A House bill was previously introduced with a threshold of up to $200 this past February under the same name.

[Via]