Breaking: The US House is moving forward with proposed legislation that would exempt stablecoin transactions below $200 from taxation. If passed, this could be a game-changer for mainstream adoption of digital assets in everyday payments.

Here's why this matters—currently, every stablecoin transaction technically triggers a taxable event under existing US tax code, creating friction for consumer use. A $200 threshold essentially makes small purchases tax-free, opening the door for stablecoins to function more like traditional payment methods.

For USDC, USDT, and other major stablecoins, this kind of regulatory clarity could accelerate real-world use cases beyond just trading. We're talking about actual spending power in commerce, remittances, and peer-to-peer transfers without the tax overhead that's currently killing adoption momentum.

The bill still needs to clear additional hurdles, but momentum like this shows institutional recognition that stablecoins need sensible regulation, not prohibition.