Twitter (now X) co-founder Jack Dorsey called for tax relief for Bitcoin (BTC) transactions in the United States. On Oct. 9, Dorsey posted on X, “we need a de minimis tax exemption for everyday Bitcoin transactions.” The U.S. Internal Revenue Service (IRS) classifies digital assets as property, requiring individuals to calculate and report capital gains on every transaction, even for purchases as small as a cup of coffee. A “de minimis exemption” would remove this hurdle by allowing low-value transactio ...