There are several key points worth noting regarding the recent US draft legislation on cryptocurrency tax reforms.

First, the treatment of stablecoins is relatively friendly. If you buy and sell compliant stablecoins within the $200 range, the profits you make are actually not subject to taxation. This is a significant benefit for users who engage in frequent small transactions.

The taxation on mining and staking rewards has been somewhat relaxed. Coins obtained through mining or staking can now be deferred for up to 5 years before needing to be taxed, giving holders more time to plan and adjust.

In terms of classification, crypto assets will be taxed according to securities rules. However, if certain conditions are met, the valuation can be based on the current market price, which provides a clearer standard compared to previous vague regulations.

For traders looking to exploit short-term "buy low, sell high" strategies to avoid taxes, the new rules impose several restrictions. This means that the previous tactics of frequent trading to evade taxes are now largely ineffective, as regulators have closed this loophole quite tightly.