- Jack Dorsey is advocating for a U.S. tax exemption on small bitcoin payments.
- Senator Cynthia Lummis has introduced a bill to exempt bitcoin transactions under $300 from capital gains tax.
- Industry leaders warn the U.S. risks falling behind countries with more favorable bitcoin tax policies.
Jack Dorsey, founder of Square, has called for a de minimis tax exemption for small bitcoin transactions in the United States, aiming to make bitcoin more suitable for everyday use.Dorsey’s push for bitcoin as daily money
Following Square’s rollout of bitcoin payment services for merchants, Dorsey stated:“We want Bitcoin to be everyday money ASAP.”His comments align with ongoing efforts to integrate bitcoin into daily commerce, removing barriers for both consumers and businesses.
pull down to refresh
related posts
33 sats \ 0 replies \ @BlokchainB 6h
Dorsey putting peer to peer payments on his back
reply
0 sats \ 4 replies \ @DarthCoin 6h
joke of the day... and clueless bitcoiners jump into loving Lummis LOL
reply
0 sats \ 3 replies \ @0xbitcoiner OP 6h
I gotta admit, I didn’t get it.
reply
0 sats \ 2 replies \ @DarthCoin 6h
what you don't get it?
People cannot think outside the box of statism... that's the hard truth.
Everything must be an "approval" from the lovely state, gov, politician.
People forgot how to do things without any governing bullshit.
reply
0 sats \ 1 reply \ @0xbitcoiner OP 6h
I saw your comment before you edited it, now it makes sense!
reply
0 sats \ 0 replies \ @DarthCoin 6h
Dorsey is just a beggar to politicians for his business. That's all.
People nowadays do not have balls anymore to say "NO".
reply