S. 4171, Cryptocurrency Tax Exemption. Quorum's AI analysis reads it as a net cost — and names who bears it.
S. 4171 · Net cost
What it does
This bill exempts gains and losses from virtual-currency (cryptocurrency) trades under $200 per transaction from federal income tax, effective for transactions after December 31, 2026. The exemption does not apply if the transaction involves cash, business property, or income-producing property.
The analysis names cryptocurrency exchanges — and 4 more groups — among the beneficiaries.
The cost
The $200 threshold exempts the vast majority of retail cryptocurrency trades (most retail transactions are under $200), effectively creating a tax-free trading zone for small-to-medium holders while large institutional traders remain subject to capital-gains tax.
Transparency scores 75%, with a medium warning level and no detached riders.
Who is behind it
Filed by Ted Budd.
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