Its already (legally speaking) taxed. This bill just carves out an exemption. At best, all you're saying is it'll be of no impact.

nerd2ninja

Especially given bills rarely get repealed. In a few years with the resumption of an expanding money supply, it'll mean a heavy burden tax liability for anyone interacting on/with Bitcoin.

That said, good luck policing & enforcing this at scale, when $50 = $1.

bitcoin

U.S. Senators Propose Bill To Make Crypto Transactions Under $50 Tax-Free

cryptofatstacks

Fingers crossed this doesn't pass. 

Especially given bills rarely get repealed. In a few years with the resumption of an expanding money supply, it'll mean a heavy burden tax liability for anyone interacting on/with Bitcoin.

That said, good luck policing & enforcing this at scale, when $50 = $1.