Jack Dorsey Wants A Tax Exemption On Everyday Bitcoin Transactions — Cynthia Lummis Points Toward A Bill She Introduced

Sen. Cynthia Lummis (R-Wyo.) backed Block Inc. (NYSE:XYZ) CEO Jack Dorsey’s call for tax relief on Bitcoin (CRYPTO: BTC) transactions on Thursday, citing a supportive legislation she introduced earlier.‘De Minimis Tax Exemption’Dorsey advocated for a “de minimis tax exemption” on everyday BTC payments, backing an argument that routine purchases, like buying coffee, shouldn’t trigger capital gains.Lummis quoted his post, saying, “If only we had a ₿ill for that… Oh, wait,” suggesting that a bill she introduce ...