Cornell Tech Policy Institute: Exempting Small Bitcoin Transactions from Capital Gains Tax Could Boost Revenue by $859 M

A new analysis by the Cornell Tech Policy Institute suggests that exempting small digital asset purchases from capital gains tax could generate approximately $859 million in federal revenue over the next decade. Senator Cynthia Lummis's S. 2207 bill proposes exempting purchases under $300, with an annual cap of $5,000 for capital gains recognition. The study estimates that for every $100 in qualifying base payments, the federal government could see a net gain of $3.18.