Rep. Max Miller Introduces Crypto Tax Legislation in Congress

Rep. Max Miller unveiled a crypto tax bill aiming to modernize tax codes. The proposal includes a de minimis exemption for small transactions, bringing clarity to consumers and investors aimed at fostering innovation. The bill was introduced in July 2025.

Rep. Max Miller, a Republican, presented the bill, emphasizing the need to keep the tax code updated with financial technologies. Co-proposed by Rep. Steven Horsford, the bipartisan effort intends to align with the needs of the modern economy.

The bill proposes changes that could impact digital asset transactions, including a focus on transactions under $200. Expectations are for the proposal to influence the crypto market by reducing tax burdens on smaller transactions. “We need a tax code that keeps up with innovation and not one that chases it overseas,” said Rep. Max Miller, adding policy changes were necessary to “provide a long overdue clarity for consumers, innovators and investors alike.”

This measure promises to affect various sectors, including cryptocurrency businesses and individual investors. The political landscape may see shifts as lawmakers balance innovation with regulatory responsibilities.

Industry leaders anticipate varied responses from the investment community. The proposed tax reforms may shift focus on how digital assets are held and transacted, with potential impacts on market dynamics.

Analysts predict potential reform outcomes as more clarity is introduced into the U.S. tax code. Previous efforts by Sen. Cynthia Lummis serve as a historical framework, hinting at aligning cryptocurrency rules with traditional financial practices.