A US Senator has proposed legislation to exempt small Bitcoin payments from taxation, aiming to make the cryptocurrency more accessible and integrate it into everyday life. This move aims to redefine how Americans engage with digital currency. The proposal comes as a break from the current IRS classification of digital assets as property, which has resulted in taxable events even for trivial purchases like buying lunch or tipping. Senator Lummis’s plan seeks to establish a threshold where minor transactions wouldn’t trigger paperwork or tax reporting. This move represents her long-term goal of normalizing Bitcoin as a currency rather than just a speculative store of value, with the aim of expanding crypto adoption across the US and removing barriers to its everyday use.