Cornell Brooks School Tech Policy Institute: Exempting crypto payments under $300 could boost US federal revenue by up t

A report by the Cornell Brooks School Tech Policy Institute (BTPI) suggests that exempting Bitcoin and cryptocurrency payments under $300 from capital gains tax could increase federal net revenue by $859 million over a decade, with a range of $172 million to $2.58 billion. Senator Cynthia Lummis's S. 2207 bill proposes this exemption with a $5,000 annual limit. BTPI notes that current tax burdens discourage daily Bitcoin usage, and removing these requirements could increase adoption, though short-term impacts on price and tax revenue remain uncertain.