A growing policy debate in the U.S. is focusing on how Bitcoin transactions are taxed.
The Bitcoin Policy Institute (BPI) is urging lawmakers to reform current tax rules that treat every Bitcoin payment as a capital gains event. Under existing law, even small purchases made with Bitcoin like buying coffee can require users to calculate and report gains or losses to the IRS.
BPI argues that this system discourages Bitcoin from being used as a practical payment method. The group is pushing for a “de minimis” tax exemption, which would allow small transactions below a certain value to occur without triggering capital gains reporting.
Supporters say this change could make Bitcoin more usable in everyday commerce, while critics warn it may complicate tax enforcement.
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