Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say
Advocates argue that U.S. tax policy, not technological limitations, is the primary barrier to Bitcoin's use for everyday payments. Under current law, every Bitcoin transaction—no matter how small—is a taxable event requiring capital gains reporting. The Bitcoin Policy Institute is urging Congress to pass a de minimis exemption for small transactions (under a set amount) by August 2026, before midterm elections complicate legislative efforts. Senator Cynthia Lummis introduced a bill for a $300 per-transaction exemption, but it has stalled. With competing bills and a shrinking legislative timeline, the future of such an exemption is uncertain, despite bipartisan support.
bitcoinist03/14 17:32