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The Nitecore EDC27 is a superb EDC flashlight, with a host of modern features that will change the EDC flashlight game for you.

EDC is a fascinating concept, especially when mind-surfing the idea with a prepper or survivalists mindset. If you surf Instagram and the great online web for the term EDC dump, youll find myriad self-congratulatory cellphone pics of what people deem necessary to carry with them every day. For the ones of you who are on the internet for the first time, EDC is an acronym for Every Day Carry, or the kit that one has on their person every day.

These EDC dump pictures always draw my attention for a bit; while there are certainly those EDC pistol hipsters who took out a second mortgage to impress others with the shiny, barely-used gear they get to post online for posterity, there are also those who have thought the concept through, and have genuinely useful gear in a well-sorted package. Usually, some will have multiple gearsets for their perceived needs in different day-to-day situations. Two fantastic every day carry items: a Nitecore EDC27 and a Benchmade Adamas

Well-sorted, quality gear is always the name of the game I strive to win or at least get a participation ribbon in anyway. One bit of EDC gear I learned a long time ago to always have on my person is a dependable, high quality flashlight this accompanies a solid folding knife and a lighter as my minimum out-the-door payload.

Table of Contents Toggle EDC Flashlights from a Survivalists PerspectiveThe EDC Flashlight Revolution Enter the Nitecore EDC27The Nitecore EDC27 and Its FeaturesSimple ControlsThe Rest of the DetailsThe Nitecore EDC27 in ActionHow Has the Nitecore EDC27 Held Up? EDC Flashlights from a Survivalists Perspective

I always have a small-to-smallish sized flashlight on my person when I head out the door, and a larger, more robust tactical flashlight in a pack or in my truck nearby. While my tried and true Streamlight Microstream is the usual companion, its tiny rechargeable AAA battery really doesnt have the capacity to handle long-term illumination events without needing a replacement battery or recharge session.

Theres no free cake; its delightful slim profile is great for EDC but small packaging means small battery means small runtime. To that end, I usually have an extra battery taped to the light or a powerbank I can use to charge the light if needed. Since there is no charge indicator, I am hampered by only being able to guess at the available charge after using it a few times over a couple of days. And once you have an EDC light, it gets used a LOT.

EDC flashlights have always proven to be a guessing game for me and Im assuming you as well. Do I keep carrying a small flashlight with minimited output and capacity, knowing it is unobtrusive and fulfills almost all daily light requirements yet knowing that if there was a dedicated disaster with a grid-down situation, Id better have a better option or a plan B in the illumination world ready to roll nearby.

So there it is carry a small flashlight with low(er) output and low runtime and low profile for convenience, or be dragged down by carrying a more powerful, longer-lasting flashlight and dealing with its specialized batteries and larger dimensions? Aye, theres the rub.

Or, rather, aye, that WAS the rub. The EDC Flashlight Revolution Enter the Nitecore EDC27

At SHOT Show 2023, I saw a lot of flashlights. So many that indeed, they ran together in blurred black barrels in my memory and almost none of them stood out. However, one truly did, and I saw it at the Nitecore booth.

The lovely ladies at the SHOT Nitecore booth saw me scanning their very innovative selections mostly I was looking at their new big power banks which looked great, but after talking to me and asking me what interested me in the flashlight world, they steered me over to the flashlight area and handed me a game changer of a flashlight. Sale Nitecore EDC27 3000 Lumen Flat EDC Flashlight, USB-C Rechargeable High Performance Slim Compact Pocket Light with Digital Display and LumenTac Case SUPER BRIGHT FLASHLIGHT- The Nitecore EDC27 is a high performance EDC flashlight capable of a 3000 lumen max and a max beam throw of 240 yards.ULTRA SLIM EDC FLASHLIGHT – Designed to easily carry in pocket, the EDC27 is only half inch thick flat shape with a strong clip $89.95 Buy on Amazon

The Nitecore EDC27 they slid into my palms was so drastically different that it stuck in my mind, and I didnt really have any time to really look at it and appreciate all it had to offer. I exchanged cards with the NItecore crew and touched base with them via email several weeks later. You too can get a Nitecore EDC27 delivered to your door!

We had a few very cordial emails back and forth, and soon a new Nitecore EDC27 was in my mailbox. In the weeks after I left SHOT, Id kind of forgotten what the EDC27 was about. Just a moment with the sleek EDC27 in my hands and it all came rushing back: the EDC27 is an absolute game changer of an every day carry flashlight.

Lets dig into what makes the Nitecore EDC27 well worth your consideration. The Nitecore EDC27 and Its Features

Two features of the Nitecore EDC27 fly in the face of standard flashlight convention. The first feature one appreciates while holding an EDC27 is the size and shape. Where most tactical or EDC flashlights are round in the body to accommodate tubular batteries, the EDC27 is wider and flat on its sides, with a fixed internal battery with a capacity of 1,700 mAh.

The main portion of the EDC27s PVD titanium-coated body is just over a half-inch in thickness (0.56), making it substantially less substantial than most tactical flashlights, which routinely run 1-1 ? thick bodies to accommodate chonky CR123 or 18650 batteries. Palm-sized and powerful.

My handy Stanley tape measure says the EDC27 is a shade over 1 ? wide, and about 5 5/16 long from the two tail-mounted button controls out back to the impact-resistant lens that protects two Luminus SST40 LED emitters out front. The rear end of the flashlight does get thicker out back, about ? thick when you take into account the very sturdy removable pocket clip and the extra bulk required for the real-time OLED Display. The flattened profile of the Nitecore EDC27 helps the light in its intended duty

Yep, I said display, which brings us to the second game-changing feature of the Nitecore EDC27: it has a display built into the side the wide flat body of the light makes a perfect location. At roughly 1/2 wide x 1/4 tall, youre not going to be watching the Bruins game on this little display. However, the display provides you all the knowledge required to keep you up to date on the performance of your Nitecore EDC27.

Perhaps the greatest addition to an EDC flashlight since the pocket clip, the OLED display of the Nitecore EDC27 keeps you absolutely updated on your flashlight. While you cant select between the functions via a dedicated switch, as you use the features of the EDC27 the screen instantly updates.

The tiny screen will provide the following information: lock status, output level status, battery charge level via both a small picture of a battery (very much like a cellphone) as well as the available voltage of the battery. As you switch between the output settings, it will also let you know the output level displayed in lumens, as well as the total runtime left in the flashlight at the current output setting. The EDC27s display screen provides lots info, including current charge level of the batteries.

A simple display device provides an incredible amount of information about your flashlight; before you walk out the door for the ay (or eternity) you can know if your battery needs a top-off or if it has sufficient juice left in its cell to keep you running for your day.

Absolute genius! As you flip through Nitecores website, youll notice that several of their flashlights are starting to boast these displays; I predict as time goes on youll see this feature crop up on new designs of flashlights everywhere; its that good. Simple Controls

Aside from the OLED screen revelation, the other favorite feature of mine is the Nitecore EDC27s controls. Many tactical/EDC flashlights bestow upon its users a multitude of switches, tail caps, buttons, multiple taps, and bezel twists to provide a lights various features.

Long ago I gave up on ever buying lights with multiple control locations for a light that can be used with gloves on and/or in high stress situations, one location and utter simplicity is the name of the game for me. A quick tap of the taller button changes the EDC27s output levels, and the screen informs you of the currently selected level.

Nitecore must have been reading my mind, for they offer two buttons both located on the tailcap. The main button, which protrudes out of the body about an eighth of an inch, provides the user with the main functionality of switching the power on and off, as well as the output selection.

With the light off, a full push down turns the light on and off at the last remembered output setting. A half-push of the button (there is a noticeable hitch in the buttons movement) cycles the output levels 15, 65, 200, and 1,000 lumens.

The second, flush-mounted button is a bit larger, and provides the specialty options: If the light is off, a full push will activate the dizzying 3,000 lumen strobe. A half-push will activate the Turbo 3,000 lumen mode.

You must keep holding the button down to keep this output level running and the screen shows a bar-type timer when it runs all the way out, the light automatically throttles back output to the 1,000 lumen level in an effort to preserve battery life and combat heat buildup.

The Nitecore EDC27 also offers two excellent lockout modes to ensure the light wont accidentally activate while being carried in your pocket. Lockout one still allows you to activate the strobe and turbo functions if needed, while the second lockout completely deactivates the buttons and the light is not accessible to use without going through the unlock procedure. Its a slick setup and welcome in an EDC light. The Rest of the Details

The Nitecore EDC 27s list of features after the above are relatively standard fare EDC light additions: a sturdy (and detachable) stainless steel belt/pack/webbing clip, IPX4 water resistance rating and 1m impact resistance, lanyard loop (part of the clip), covered and sealed USB-C charging port, and sturdy casing with ample knurling for traction in wet, muddy, or bloody circumstances. Runtime levels are also handily displayed.

The advertised runtime of the light at its various output levels is as follows, all assuming a full battery charge, used only at that level: 15 Lumens/55 Candela:37 hours65 Lumens/270 Candela:11 hours200 Lumens/840 Candela:3 hours, 45 minutes1,000 Lumens/4,340 Candela:1 hour, 45 minutes3,000 Lumens/12,200 Candelanot listed, personally but timed at 10 seconds before throttling back output

I timed the 1,000 Lumen output setting from a full charge and got 1 hour, 34 minutes, for what its worth. The small-ish 1,700 mAh battery (3,000 mAh and up is starting to be standard for tactical lights with 18650 batteries) limits overall life but if you can live with keeping your luminescent levels low, it has a very useful lifetime and remember, you can check at the tap of a button how much juice you have left remaining. The Nitecore EDC27s 200 lumen output at 75 yards distance

The Nitecore EDC27 is advertised as having a 220 meter throw distance at the full 3,000 lumen setting. At a local 200 yard sandpit test, I can say that you CAN illuminate at that range, but the lights wide, flood-type beam isnt going to do you any favors in the target identification department its meant to be more of a local area light, which it is very good at. The 3,000 lumen turbo mode certainly brightens things up. The Nitecore EDC27 in Action

Nitecore was generous enough to let me have the EDC27 for an extended period of time before I wrote this review, so that I could use the light as my primary carry light and really dig in to its usefulness. Heres my review after four months of EDC carry with the Nitecore EDC27.

From the moment you grab the light for the first time, you really notice and appreciate the lights wide, flat profile. The light orients itself in your hand naturally in the flesh between your palm and the second knuckle, and its texture and design characteristics means it stays there with no issues, even when wet.

The flattened design lends itself very well to an EDC front-pocket carry the method I primarily used. Going from a diminutive Streamlight Microstream to this larger light definitely took some getting used to, but since it is no thicker than the Streamlight the transition was easy. The real issue I had with the light for every day carry was the length.

[amazon box =B07DLZXZV1?

The light itself took up a lot of real estate deep in the pocket and printed when sitting, which is really no big deal. However, the light rides high and sits out of the pocket a solid inch. The buttons are fully exposed and easily bumped on so the lock feature was handy and a good idea.

However, when you have to unlock the light just to use a low power setting, the process can be a bit tedious though it doesnt take long. Sometimes you dont need a strobe or 3,000 lumens just to pick your dropped car keys up off the ground on a dark night. The business end of the Nitecore EDC27.

However, in chatting with the Nitecore rep, I was assured that they are introducing out a shorter version of the Nitecore EDC27, which I would absolutely relish hopefully the pocket clip mounting location can be moved a bit to allow lower, more protected carry.

The Nitecore EDC27 certainly attracted its fair share of attention, mostly good but some bad. I was in an art museum and a security guard stopped me because he thought it was a folding knife in my pocket, when weapons werent allowed in the building. Once I showed it to the officer I was obviously cleared, but just know its a possibility going in; people arent used to seeing wide, flat lights.

My flashlight nerd buddies loved the EDC27, especially the flat profile and the control setup and the minimal amount of hassle to actuate the light. A state trooper friend enjoyed the traction of the flat design, and noted it was a perfect shape, size, and design to allow for kubaton-style wrist holds.

It was a thought that hadnt occurred to me, but hes absolutely right. The light isnt, in my opinion, a tactical or defensive light, with no crenellations or protected lenses for bezel strikes but used properly in a manner that protects the lens, its stainless steel construction and carbon fiber interior chassis are certainly up for a little rough-n-tumble time.

As I stated before, the beam generated from the two LED emitters is focused for a large, wide area of illumination. There are no appreciable hot spots, just a well-designed flood beam that is excellent for close-in duty. Walking my dogs down an abandoned railroad trail at night, the EDC27 provides more than enough light at its 200 lumen setting to keep the area around you well lit.

The EDC27 also was aces while working on a transmission under my car its flat profile meant the light wasnt rolling away anywhere, and the knurling on the sides of the body provided adequate grip when my hands were covered in transmission fluid. How Has the Nitecore EDC27 Held Up?

After several months of serious EDC use, I can say that the Nitecore EDC27 has earned my respect. I am very hard on gear that comes with me everywhere I dont baby functional tools and the EDC27 has plenty of scratches andscuffs but still comes up swinging. The light has been dropped in water, dropped down stairs by my 9-year-old boy, dragged across asphalt while I was underneath cars, left on a hot stove accidentally, and it has been a camping light on a couple trip occasions.

The Nitecore EDC27 has stood up to the abuse and has earned my respect. So much so that I misplaced my old Streamlight Microstream my previous standard against which I hold all EDC flashlights and I dont even care. The Nitecore EDC 27 is a winner.

Ill be looking on Nitecores website to keep an eye open for a smaller version of the EDC27, but for me, this light is now my go-to flashlight. Its innovative design features, blended with an excellent ruggedness mean that I dont need to compromise on the EDC light choice. I can grab the Nitecore EDC27 and be confident that almost all my bases are covered in the hand-held flashlight world, and that truly means a lot to me.

A Nitecore EDC27 retails for about $90 USD, and I will tell you without hyperbole that this light is worth every penny. Get you one. If you dont like it Ill buy it off you.

Nowhow do I get a pressure switch and mount it to an AR?

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US

Images of Trump among documents removed from latest Epstein files release

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Images of Trump among documents removed from latest Epstein files release

Pictures of Donald Trump are included among at least 16 documents that have disappeared from the Epstein files released by the Department of Justice (DOJ).

The Democrats from the House Oversight Committee drew attention to the apparent removal of an image showing two printed pictures of Mr Trump in a desk draw.

One picture has Mr Trump standing surrounded by women in bathing suits, while the second appears to be an already known picture – partly obscured – of him, his wife Melania, Ghislaine Maxwell and Jeffrey Epstein.

After the Democrats flagged the missing image on Saturday, Sky News went back to the files online and confirmed that it did appear to be missing, despite the fact they downloaded it when the files were initially released on Friday.

List of documents online now shows a gap where the file ending '468' was on Friday
Image:
List of documents online now shows a gap where the file ending ‘468’ was on Friday

The file ending '468' seen in Sky News's downloads from Friday
Image:
The file ending ‘468’ seen in Sky News’s downloads from Friday

The other photos removed from the trove of documents were almost all nude paintings of women in Epstein’s home.

Mr Trump has not commented on the release of the files and has not been accused of wrongdoing in connection with Epstein’s case.

Sky News has contacted the DOJ for comment.

Questions over heavy redactions

Pic: New York State Division of Criminal Justice Services/Handout via Reuters
Image:
Pic: New York State Division of Criminal Justice Services/Handout via Reuters

Thousands of documents relating to the dead paedophile financier were made public by the DOJ on Friday – hours before a legal deadline following the passing of the Epstein Files Transparency Act.

Many of the pages were either partially or fully redacted, which the DOJ says is to protect the more than 1,200 victims and their families identified in them.

Some of Epstein’s victims, legal experts and members of the public have questioned whether this is the sole reason for the redactions, while the Oversight Democrats have claimed: “This is a White House cover-up.”

Ashley Rubright, who was abused for several years after meeting Epstein in Palm Beach when she was 15, told Sky News: “Seeing […] completely redacted pages, there’s no way that that’s just to protect the victims’ identities, and there better be a good reason. I just don’t know if we’ll ever know what that is.”


Epstein ‘was a monster’: Survivors speak to Sky News

Gloria Allred, a lawyer who has represented some of Epstein’s victims, says she has been told that despite the heavy redactions, some compromising pictures of survivors and their names were left in the files released on Friday.

“We have had to notify the Department of Justice about names that should have been redacted that weren’t redacted,” she told Sky News.

“So this is further trauma to survivors, and apparently also some of the images of some of the survivors appear not to have been redacted, and they are nude or not completely dressed.

“This is a major concern because the law clearly indicates, and the judges have indicated, that the names and any identifying information of the survivors must be redacted.”

Read more:
Epstein victims react to partial release of files
Links between Epstein and the UK revealed in new files

In a letter to the judges overseeing the Epstein and Ghislaine Maxwell cases, US attorney for the Southern District of New York Jay Clayton acknowledged that a review “of this size and scope is vulnerable to machine error [or] instances of human error”.

He also said the DOJ had opted to redact the faces of women in photographs with Epstein “even where not all the women are known to be victims,” as it was not viewed as practical for the DOJ to identify every person in all the photos.

The methodology has led to some confusion and misled speculation online.

Epstein died in prison in 2019 while awaiting trial on federal sex trafficking charges
Image:
Epstein died in prison in 2019 while awaiting trial on federal sex trafficking charges

Many celebrities and public figures appear with Epstein in the photos published by the DOJ, often included without context.

There is no suggestion that these pictures imply anyone has done anything wrong, and many of those featured in them have denied any wrongdoing in relation to Epstein.

Through its release, the Trump administration has claimed to be the most transparent in history, despite the fact Congress forced their hand by voting to make the files public by 19 December.

But some have been held back, with Todd Blanche, deputy attorney general and a former personal lawyer for Donald Trump, saying more would follow in the coming weeks.

Many Democrats and some Republicans have criticised the partial release as failing to “comply with law,” as have lawyers including Ms Allred.

“So clearly, the law has been violated. And it’s the Department of Justice letting down the survivors once again,” she said.

She labelled the incomplete release of the files a “distraction”, adding: “This is not over, and it won’t be over until we get the truth and transparency for the survivors.”

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Technology

AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts

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AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts

Sad female worker carrying her belongings while leaving the office after being fired

Isbjorn | Istock | Getty Images

Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence.

In fact, AI was responsible for almost 55,000 layoffs in the U.S. this year, according to consulting firm Challenger, Gray & Christmas.

There were in total 1.17 million job cuts through 2025, the highest level since the Covid-19 pandemic in 2020 when there were 2.2 million layoffs announced by the end of the year.

In October, U.S. employers announced 153,000 job cuts, and there were over 71,000 job cuts in November, with AI being cited for over 6,000 for the month, per Challenger.

At a time when inflation bites, tariffs are adding to expenses, and firms are looking to carry out cost-cutting measures, AI has presented an attractive, short-term solution to the problem.

The Massachusetts Institute of Technology released a study in November showing that AI can already do the job of 11.7% of the U.S. labor market and save as much as $1.2 trillion in wages across finance, healthcare, and other professional services.

Not everyone is convinced that AI is the real reason behind the dramatic job cuts, as Fabian Stephany, assistant professor of AI and work at the Oxford Internet Institute, previously told CNBC, that it might be an excuse.

Stephany said many companies that performed well during the pandemic “significantly overhired” and the recent layoffs might just be a “market clearance.”

“It’s to some extent firing people that for whom there had not been a sustainable long term perspective and instead of saying ‘we miscalculated this two, three years ago, they can now come to the scapegoating, and that is saying ‘it’s because of AI though,'” he added.

Here are the top firms that cited AI as part of their layoff and restructuring strategy in 2025.

Amazon

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.

Noah Berger | Getty Images

In October, Amazon announced the largest ever round of layoffs in its history, slashing 14,000 corporate roles, as it looks to invest in its “biggest bets” which includes AI.

“This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster than ever before… we’re convinced that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business,” Beth Galetti, senior vice president of people experience and technology at Amazon, wrote in a blog post.

Amazon CEO Andy Jassy warned of the cuts earlier this year, telling employees that AI will shrink the company’s workforce and that the tech giant will need “fewer people doing some of the jobs that are being done today, and more people doing other types of jobs.”

Microsoft

Microsoft CEO Satya Nadella appears at the CES event in Las Vegas on Jan. 9, 2024. The event typically doubles as a preview of how tech giants and startups will market their wares in the coming year and if early announcements are any indication, AI-branded products will become the new “smart” gadgets of 2024.

David Paul Morris | Bloomberg | Getty Images

Microsoft has cut a total of around 15,000 jobs through 2025, and its most recent announcement in July saw 9,000 roles on the chopping block.

CEO Satya Nadella wrote in a memo to employees that the company needed to “reimagine” its “mission for a new era,” and went on to tout the significance of AI to the company.

“What does empowerment look like in the era of AI? It’s not just about building tools for specific roles or tasks. It’s about building tools that empower everyone to create their own tools. That’s the shift we are driving — from a software factory to an intelligence engine empowering every person and organization to build whatever they need to achieve,” Nadella said.

Salesforce

Marc Benioff, chief executive officer of Salesforce Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025.

Stefani Reynolds | Bloomberg | Getty Images

IBM

CEO of IBM Arvind Krishna looks on during a roundtable discussion hosted by U.S. President Donald Trump in the Roosevelt Room at the White House on Dec. 10, 2025 in Washington, DC.

Alex Wong | Getty Images

Global tech giant IBM’s CEO Arvind Krishna told the Wall Street Journal in May that AI chatbots had taken over the jobs of a few hundred human resources workers.

However, unlike other companies that had cited AI in job cuts, Krishna admitted that the firm had increased hiring in other areas that required more critical thinking, such as software engineering, sales, and marketing.

In November, the company announced a 1% global cut, which could impact nearly 3,000 employees.

Crowdstrike

Founder and CEO of CrowdStrike George Kurtz speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington, DC, on Oct. 28, 2025.

Jim Watson | AFP | Getty Images

Cybersecurity software maker CrowdStrike said in May that it’s laying off 5% of its workforce or 500 employees, and directly attributed the cuts to AI.

“AI has always been foundational to how we operate,” co-founder and CEO George Kurtz wrote in a memo included in a securities filing. “AI flattens our hiring curve, and helps us innovate from idea to product faster. It streamlines go-to-market, improves customer outcomes, and drives efficiencies across both the front and back office. AI is a force multiplier throughout the business.”

Workday

Carl Eschenbach, CEO of Workday speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.

Gerry Miller | CNBC 

In February, HR platform Workday was one of the first companies this year to say its cutting 8.5% of its workforce, amounting to around 1,750 jobs, as the company invests more in AI.

Workday CEO Carl Eschenbach said the layoffs were needed to prioritize AI investment and to free up resources.

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Politics

US lawmakers propose tax break for small stablecoin payments, staking rewards

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US lawmakers propose tax break for small stablecoin payments, staking rewards

US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards.

The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, seeks to amend the Internal Revenue Code to reflect the growing use of digital assets in payments. The draft is set “to eliminate low-value gain recognition arising from routine consumer payment use of regulated payment stablecoins,” per the draft.

Under the draft, users would not be required to recognize gains or losses on stablecoin transactions of up to $200, provided the asset is issued by a permitted issuer under the GENIUS Act, pegged to the US dollar and maintains a tight trading range around $1.

The bill includes safeguards to prevent abuse. The exemption would not apply if a stablecoin trades outside a narrow price band, and brokers or dealers would be excluded from the benefit. Treasury would also retain authority to issue anti-abuse rules and reporting requirements.

Draft bill explains the reasoning behind tax breaks. Source: House

Related: Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab

US bill defers taxes on crypto staking rewards

Beyond payments, the proposal addresses long-standing concerns around “phantom income” from staking and mining. Taxpayers would be allowed to elect to defer income recognition on staking or mining rewards for up to five years, rather than being taxed immediately upon receipt.

“This provision is intended to reflect a necessary compromise between immediate taxation upon dominion & control and full deferral until disposition,” the draft said.

The draft also extends existing securities lending tax treatment to certain digital asset lending arrangements, applies wash sale rules to actively traded crypto assets, and allows traders and dealers to elect mark-to-market accounting for digital assets.

Related: Galaxy predicts stablecoins will overtake ACH transaction volume in 2026

Crypto groups urge Senate to rethink stablecoin rewards ban

Last week, the Blockchain Association sent a letter to the US Senate Banking Committee, signed by more than 125 crypto companies and industry groups, opposing efforts to extend restrictions on stablecoin rewards to third-party platforms.