The Bitcoin Policy Institute is urging Congress to broaden proposed de minimis tax relief for digital assets beyond payment stablecoins to include bitcoin.
Arizona state Senator Wendy Rogers has introduced legislation and a constitutional amendment to exempt virtual currency from property taxes and protect blockchain node operators from local taxation, positioning the state as more crypto-friendly.
Long-time Bitcoin advocate Senator Cynthia Lummis (R-WY) has drafted a bill that allows Bitcoin enthusiasts to spend small amounts of bitcoin without incurring capital gains taxes (which is very cool), but many — including myself — feel that the spending limits in the bill are too low.
Speaking at the “Bitcoin for America” summit, lawmakers announced their plans to create a federal bitcoin reserve that would see the U.S. buy one million BTC.