$0.99! In the future, you may no longer need to pay taxes when spending stablecoins?

$USD1 ‌
Brothers, big news! The people in Congress in the U.S. are up to their usual shenanigans again—this time it’s really good news for us holding coins.

To put it simply: as long as the cost price of your compliant stablecoin (such as USDC) is not less than $0.99, then when you use it to buy coffee or make transfers in the future, the few cents of profit from the spread won’t be taxed.

In the past, spending 10 USDC meant having to calculate gains and losses for ages—it was enough to make your head spin. Now it’s directly exempted. That’s what “money” should look like.

But note: this is just a draft and hasn’t been implemented yet. And it only applies to compliant tokens under the “GENIUS Act”; exchanges and institutional players don’t apply.

Everyone in the industry is guessing this is tailored specifically for Circle (USDC). Tether has also rolled out a USA₮ to grab a slice of the cake.

Once it’s really passed, stablecoin payments are set to take off! Do you think this bill will pass? Let’s chat in the comments👇
#kalshi与内华达州的监管权争议
Note: Not investment advice—everything is subject to official implementation.