A bill to amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains or losses from certain sales or exchanges of virtual currency, and for other purposes

**What would change:** Currently, every time you sell or exchange virtual currency - even for something small like a cup of coffee - you must report any gain or loss to the IRS. This bill would eliminate that requirement for "de minimis" (very small) amounts, meaning minor cryptocurrency transactions wouldn't trigger tax reporting obligations. This would simplify tax filing for casual cryptocurrency users and reduce paperwork burdens for small transactions, while still requiring tax reporting on larger cryptocurrency gains or losses. The bill is currently under review in committee and has not yet been voted on by Congress.