Rep. Max Miller Introduces Crypto Tax Bill with Exemptions

On July 16, 2025, Representative Max Miller announced a bipartisan crypto tax bill. The draft proposes de minimis exemptions for digital asset transactions under $200, aiming to adapt the tax code to technological advancements.

Introduced with the support of Rep. Steven Horsford, the bill seeks to clarify tax obligations on small crypto transactions, staking, and mining activities. This new legislation targets overall digital asset taxation improvements.

The bill aims to reduce the administrative burden on cryptocurrency users, preventing triggering taxes on small trades. It promotes a clearer and more favorable environment for investors and innovators.

If passed, the bill could alter how taxes are applied on crypto transactions, potentially encouraging broader adoption and investment in digital assets. It addresses previous concerns over taxation complexity.

The legislative efforts come at a time when regulatory clarity is crucial for the crypto industry’s growth. This bill may influence both market practices and policy frameworks regarding digital asset taxation.

While no direct impacts on specific coins are detailed, historical trends suggest increased regulatory clarity could stimulate market activity. Max Miller remarked, “We need a tax code that keeps up with innovation and not one that chases it overseas.” Investors may find a more predictable tax landscape, avoiding relocations of crypto operations abroad.