U.S. Senator Proposes Tax Relief for Stablecoin Transactions

2025-12-22 08:16

A U.S. senator has introduced a draft bill aimed at providing tax relief for small stablecoin transactions and staking rewards. The proposal includes a $200 exemption for stablecoin payments and offers new deferral options for staking rewards, potentially easing the tax burden on cryptocurrency users. In a separate development, the Ethereum Foundation has issued a warning following a phishing attack that targeted $50 million in USDT. Users are advised to avoid using shortened addresses with dots, as full address visibility is crucial to prevent such incidents. This attack highlights the importance of security measures in cryptocurrency transactions.

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