📊 U.S. Congress Has About 5 Months to Approve a Bitcoin De Minimis Tax Exemption
The United States Congress reportedly has around five months to pass a proposed de minimis tax exemption for small purchases made with Bitcoin.
According to the Bitcoin Policy Institute, the proposed legislation would exempt small Bitcoin transactions from capital gains taxes, making it easier to use BTC for everyday payments.
📊 If approved, the measure could significantly improve Bitcoin’s practicality for daily commerce, removing a major tax-reporting burden currently associated with small crypto transactions.