Policy Group Calls for Bitcoin Inclusion in Proposed Crypto Tax Exemption

The Bitcoin Policy Institute (BPI) is lobbying Congress to ensure that proposed de minimis tax relief for digital assets includes bitcoin and other major network tokens, rather than being limited only to payment stablecoins. Currently, bitcoin is treated as property, requiring capital gains calculations for every transaction, which discourages routine use like buying coffee. BPI argues that a stablecoin-only exemption is a step back from previous bipartisan efforts and still leaves transaction fees taxable. The group is advocating for a value-based exemption, potentially up to $600 per transaction with a $20,000 annual cap, applicable to both stablecoins and large-cap network tokens. This advocacy occurs as legislative windows narrow and amid controversy where Coinbase executives denied allegations that they lobbied against including Bitcoin in tax relief measures.

(Source：Bitcoin Magazine)