“This would foster use of crypto for retail payments, subscription services, and micro transactions,” said Jerry Brito, executive director of Coin Center, a crypto policy think tank in Washington. “More importantly, it would foster the development of decentralized blockchain infrastructure generally because networks depend on small transaction fees that today saddle users with compliance friction.”
Source: https://www.coindesk.com/policy/2022/07/26/us-senators-push-bill-to-make-small-crypto-transactions-tax-free/?utm_medium=referral&utm_source=rss&utm_campaign=headlines