BlockBeats News, January 14 – Several Bitcoin advocacy organizations, including the Bitcoin Policy Institute, recently jointly sent a letter to U.S. Congress tax leaders, urging to expand the minimum exemption scope to include Bitcoin and major network tokens, not just stablecoins. The alliance proposed to give cash-like treatment to stablecoins that meet the GENIUS standard, while setting a $25 billion market cap threshold for eligible network tokens to determine which tokens qualify for exemptions. They also stipulated a single transaction limit of $600 and an annual cap of $20,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Enters Best Buy Zone Since 2022, Fourth Parabolic Bitcoin Move Expected
Bitcoin enters best buy zone since 2022.
This leads experts to expect the fourth parabolic Bitcoin move to play out soon.
The price of BTC could hit $190,000 by 2030, presenting a perfect time to accumulate now
The crypto community continues to watch the crypto market closely as the pri
CryptoNewsLand1h ago
Bitcoin ETFs 'will be larger' than gold ETFs: Analyst
Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.
“There are just more use cases of why somebody would put a Bitcoin ETF in a p
Cointelegraph2h ago
Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain
Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical.
This week, Google published research
CoinDesk2h ago
