Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say
Representative Steven Horsford co-sponsored legislation alongside Max Miller targeting stablecoin transaction tax rules.
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tl;dr
Crypto advocates and the Bitcoin Policy Institute are urging Congress to pass a de minimis tax exemption for small Bitcoin transactions, arguing current IRS reporting requirements for minor purchases stifle the asset's utility as a medium of exchange.
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CMCynthia M. LummisR-Wyoming
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