Cornell Study Suggests $300 Crypto Exemption Could Boost US Treasury Revenue

Congressional efforts to simplify cryptocurrency reporting for personal use cases could generate an additional $860 million in revenue for the US Treasury, according to Cornell research.

The study builds on a nonpartisan scorekeeper's estimate that the proposed exemption would yield around $600 million over the 2025-2034 period. The exemption would apply to transactions valued at up to $300, excluding stablecoins and business-related activities.

Senator Cynthia Lummis championed the bill, which would spare individuals from capital gains reporting on small purchases. The Joint Committee on Taxation estimated that this provision would bring in approximately $600 million in net revenue over the 2025-2034 window.