Virtual Currency Tax Fairness Act

This bill would change federal tax law so that gains or losses from selling or exchanging virtual currency (such as cryptocurrency) are not counted as income, as long as the transaction is small. The exclusion would not apply if the transaction's total value or the gain or loss is more than $200. It also would not apply to exchanges for cash, for property used in a business, or for property held to produce income. Related transactions would be combined when applying the $200 limit, and the limit would be adjusted for inflation after 2027. The changes would apply to transactions made after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Ted Budd Republican sponsor
• 0 cosponsors