COINBASE, Block, RIVER, AND THE BITCOIN POLICY INSTITUTE ARE ADVOCATING FOR TAX-FREE CRYPTO TRANSACTIONS. The goal is to eliminate Capital gains tax on small, everyday transactions, making crypto more practical to use as a means of payment, for example, buying coffee or daily expenses, without having to calculate profit and loss for each transaction in the US. This approach would treat crypto similarly to foreign currency, thereby reducing the tax burden and increasing its applicability in daily life. The bill is also similar to existing tax exemptions for small foreign currency transactions under $200, the sale of low-value personal items such as electronic devices, or small interest income from savings bonds, aiming to simplify tax obligations for citizens.