Better guidelines and an overhaul of crypto taxation are needed. While talk of crypto going tax-free has been mentioned, the US still has capital gains taxes. Every transaction is considered a taxable event that must be reported if used to buy or sell assets with a corresponding gain or loss since purchase.

Instead of trying to do tax-free, a more straightforward approach would be to pass a law making a certain amount of gains (or losses) on transactions be tax-free. Say $500, or $1000. This way, you could legally buy a cup of coffee and not have to report transaction gains or losses. People could purchase more items, more transactions/send fees (or routing), happy miners and node runners, and a more crypto-friendly country.

Until we have new laws for businesses, better adoption won’t happen.