FYI (for whoever cares) - This lovely bit of malicious* legerdemain was part of the American Rescue Plan Act of 2021.
https://www.twrblog.com/2021/03/american-rescue-plan-act-clarifies-scope-of-form-1099-k-reporting-and-reduces-de-minimis-threshold
It was passed in early March of that year on an almost totally party line basis - one Democrat member of the house voted against it and one Republican was absent for the vote. It passed the Senate on strict partly lines with all members voting.
President Joseph Robinette Biden Jr. signed the bill on March 12, 2021.
*Which popular sentiment on this sentiment seems to indicate.