The proposal revives earlier bipartisan efforts to exempt small gains on everyday transactions.
According to Pine’s suggested script, the current rules require users to compute capital gains on minor purchases, a record-keeping burden that “discourages fair compliance and everyday adoption.”
He told callers to explain that those rewards “are taxed once as ordinary income when they’re created, then again as capital gains when they’re sold.”
Porter’s proposed fix would tax rewards only at disposition, aligning them with self-generated property such as farm produce.
He said that taxes on block and staking rewards should be applied at sale instead of creation, adding that legislation should treat these rewards as “created property.”
Carbone’s call added the Digital Chamber’s membership to a coalition that now includes Bitcoin policy advocates, proof-of-stake supporters, and general crypto trade groups. All scripts emphasize courtesy and brevity when speaking with congressional offices.
Supporters view this week’s committee negotiations as a narrow window to attach digital asset provisions before the bill reaches the Senate floor.
They argue that the combined de minimis exemption and block reward timing fix would streamline individual reporting, reduce compliance costs, and keep validation activity in the US.
Senate staff have not released the draft text, and negotiators have not indicated whether the two issues will be advanced together or separately.
