According to The White House, the recently passed 'One Big Beautiful Bill' eliminates the IRS requirement for reporting Venmo, PayPal, and other gig economy transactions over $600, a rule previously criticized for burdening freelancers and small businesses (source: The White House Twitter, June 17, 2025). This repeal could drive more gig workers and freelancers toward traditional and crypto payment platforms, reducing compliance concerns and potentially increasing crypto adoption for peer-to-peer transactions. Traders should monitor for increased transaction volumes on crypto networks as gig workers seek alternative payment solutions.