Crypto is peaking toward another milestone along with this new bill. Avoiding double taxation for miners and exemption for small transactions and loans of this new bill are showing how a government should work for their people and I believe my country will learn from this.
I am seeing all three key features are in benefit of crypto investors. Small transactions with the cap of $5k in total per year is more than enough for a small crypto investor in my opinion. This way, with 2 family members, you may trade up to 10k without taxes. Hope this new bill will boost adaption of bitcoin in America at significant level.
It is more like an update actually but this is still a good news for the poor users because a rich user won't surely mind the taxes as they can afford it and still have more after the deduction. Yeah each government should work things this way where we can say a "win-win situation" but some are just selfish or corrupt. There is no such thing as "being encouraged" on their vocabulary.
The only chance we have is if their term ends and we can vote wisely for a proper candidate next time. What you said about family member is a good strategy for us to experience more limit and still be exempted from tax. For sure this helps the adoption to increase in the said country. The rest can still benefit from it.