S. 2207: A bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets.

S. 2207 is a federal bill in the 119th Congress. Today, every single time someone uses cryptocurrency to buy a cup of coffee or trade for another token, they must calculate and report capital gains or losses, even for pennies. Under this bill, small personal purchases using digital assets under three… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.