Jack Dorsey and Lummis promote tax exemption for small Bitcoin transactions, while Blockchain expands BTC payment services
Block founder Jack Dorsey called for the establishment of a "small tax-exempt" policy for daily Bitcoin transactions, and U.S. Senator Cynthia Lummis responded that it is "being promoted" and called on the public to contact their legislators for support. The proposal was not passed in Trump's bill in July. Dorsey also announced that Block will launch Bitcoin payment and cryptocurrency wallet services for small and medium-sized enterprises. The industry believes that tax exemption can reduce reporting burdens, but complementary regulatory and exchange mechanisms are still needed to promote applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WAL surged by 535.79% within 24 hours as a result of significant rapid gains.
- WAL surged 535.79% in 24 hours on Oct 16, 2025, becoming the top-performing token in its market segment. - The token gained 811.18% in 7 days and maintained 46.06% growth over 1 month and 1 year, showing sustained momentum. - Technical indicators confirm no reversal signals, suggesting WAL's rapid gains reflect growing investor demand and confidence.
Bittensor recovery subnet registration and deregistration mechanism
Trending news
MoreCrypto prices
More
