Coinbase CPO Rejects Claims Of Opposing Bitcoin Tax Relief As Jack Dorsey Demands Clarity From Brian Armstrong
Senator Cynthia Lummis backed legislation to set a $300-per-transaction Bitcoin tax exemption threshold with a $5,000 annual cap.
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tl;dr
Coinbase's Chief Policy Officer denied allegations that the company is lobbying against a Bitcoin tax exemption proposed by Senator Cynthia Lummis. The dispute involves industry leaders Jack Dorsey and Brian Armstrong regarding tax relief for small Bitcoin transactions.
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CMCynthia M. LummisR-Wyoming
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