The exemption of de minimis tax under 600$. A good policy?

The White House has recently made a significant announcement regarding cryptocurrency policy, stating that President Trump supports a de minimis tax exemption for small Bitcoin and other crypto transactions. This policy aims to simplify the use of digital currencies for everyday transactions by potentially exempting transactions under $600 from capital gains tax. The announcement was made during a press briefing by White House secretory Karoline Leavitt.

why this matter: The current tax situation is completely broken for actual crypto payments. Nobody wants to track and report every tiny purchase, and the IRS doesn't have the resources to chase down coffee transactions anyway. This creates a weird situation where crypto payments are legal but practically unusable for normal stuff. Small swaps and transactions under $600 become much simpler to handle and businesses won't worry about customers creating tax headaches

the potential issues are that people might break down large purchases into small 600$ multiple transactions. And you still need to track down taxes on transactions above 600$, so the complexity would still remain.

This could be the difference between crypto staying a speculative investment versus becoming actual digital cash. Right now, using crypto for payments is a tax compliance nightmare that most people avoid. Remove that friction and suddenly crypto payments make sense.

It feels like a sensible crypto tax policy proposal. A de minimis exemption acknowledges that some crypto transactions are just… transactions, not investment activity.

Anyone else think this could finally make crypto payments viable for normal stuff? Or are there downsides I'm missing?