Is there any initiative to try to deal with the way Bitcoin is taxed in the United States with respect to using Bitcoin to pay for things without triggering a taxable event? Possibly a threshold being set for purchases below a certain amount?

1 Answer 1


HR 3708, which was introduced in the House of Representatives in September 2017, would do exactly that, with a threshold of $600 (to be adjusted for inflation). It has five cosponsors.

It was referred to the Committee on Ways and Means, and there is no record of further action, so apparently the Committee decided not to move forward with it.

  • Great thank you very much for the information. At least congress is aware of these types of issues and is (somewhat) working towards a solution. I will keep my eye on this space! Jul 18, 2018 at 6:06

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.