Dennis Porter calls for promoting the tax exemption policy for small dollar encrypted transactions for 200 US dollars

PANews reported on January 26 that Dennis Porter , co-founder and CEO of Satoshi Action Fund (SAF), published an article on the influence. At present, the U.S. government's top priority is to continue the Trump-era tax cuts, and any proposals that threaten this policy are likely to be shelved.

Porter suggested that the Bitcoin and digital asset industries should focus on promoting a tax-free policy of $200 for small transactions , consistent with the existing $200 tax-free standard for foreign exchange transactions. The move will significantly reduce the tax filing burden for small, everyday transactions such as coffee, meals or groceries, while having a smaller tax impact. He emphasized that this policy has bipartisan support and is a feasible solution that balances innovation and fairness.

He also suggested linking the tax exemption to inflation to ensure the long-term effectiveness of the policy, and called on experts in the crypto industry and tax policy to provide advice and jointly advance this legislative proposal.