# 119-s-4171: Virtual Currency Tax Fairness Act

119-s-4171, Virtual Currency Tax Fairness Act, is a 119th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4171
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4171
- Congress: 119
- Title: Virtual Currency Tax Fairness Act
- Status: introduced
- Introduced: 2026-03-24
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a $200 de minimis exclusion for small virtual currency gains and losses.** This bill would exclude from gross income gain or loss on the sale or exchange of virtual currency when the total value of the sale and the total gain or loss each do not exceed $200, and it sets clear rules about which exchanges qualify.

## Provisions PRIA read

- Lower taxes on small crypto sales: benefit, high. This bill would let you exclude from gross income small gains or losses from selling or exchanging virtual currency. The exclusion would apply only when the total sale value and the total gain or loss are $200 or less. It would not apply if you received cash or cash equivalents. It also would not a…

## Related bills

- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-4328: FLEX Act
- 119-s-4065: STAND with Taiwan Act of 2026

## Sources
- [119-s-4171 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4171)

## Related
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-4328: FLEX Act](https://policyrisk.com/legislation/119-s-4328)
- [119-s-4065: STAND with Taiwan Act of 2026](https://policyrisk.com/legislation/119-s-4065)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4171 (as of 2026-04-21).