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Bitcoin at Block
1,020 posts
Bitcoin at Block
@BitcoinatBlock
Joined February 2026
- Replying to @BitcoinatBlockBitcoin services by Block, Inc. of Delaware, licensed by the NYDFS to engage in virtual currency business activity. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. See disclosures: cash.app/legal/us/en-us…
- The Reaper cometh for all but he's actually pretty chill @CashApp slashes your fees on bitcoin purchases if you set up auto buys. Learn more at cash.app/bitcoin/fees
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A de minimis exemption would unlock millions (possibly billions) of dollars in capital currently sidelined in bitcoin due to tax complexity. This is not a handout. It reduces transactional friction, encourages economic activity, and puts dormant capital to work.Congress is taking a real first step toward crafting fair crypto tax policy in the US. Their latest crypto tax package offers relief in many areas, including for stablecoins & gas fees. However, it fails to eliminate capital gains tax on everyday bitcoin payments. A de minimis - Bitcoin at Block reposted
Replying to @BitcoinatBlock and @janessalopez__btcismoney.xyz makes it super easy to contact your congressmen - took 2 seconds! so worth the time for such an important cause 🙏 - Replying to @BitcoinatBlockWe have one shot at this. Congress can and must get it right. Email your rep: btcismoney.xyz
- Replying to @BitcoinatBlockBitcoin was designed as money. The merchants are set up, the technology is proven, the demand is here, and American small businesses stand to benefit. The largest remaining barrier is the tax code.
- Replying to @BitcoinatBlockThis is a paperwork issue. Today, every bitcoin purchase, no matter how small, triggers a complicated tax form from the IRS. That burden is unfair, and it falls hardest on everyday Americans.
- Replying to @BitcoinatBlockThis is a competition issue. The US should not make it harder to use bitcoin as money over stablecoins. Tax policy should be tech-neutral instead of picking winners and losers. To the small business and the customer at the counter, both are just a way to pay.
- Replying to @BitcoinatBlockThis is a payments issue, not an investment one. A reasonable de minimis for digital asset payments lets people make everyday purchases freely. Bitcoin used as money should be treated as money under the tax code. Period.
- Replying to @BitcoinatBlockOver 1.1M US small businesses powered by @Square can accept bitcoin at checkout today. But if you make a bitcoin payment with one of them, the tax code treats spending it like selling stock. Relief for stablecoins and gas fees is a good start, but it misses the broader problem
- Congress is taking a real first step toward crafting fair crypto tax policy in the US. Their latest crypto tax package offers relief in many areas, including for stablecoins & gas fees. However, it fails to eliminate capital gains tax on everyday bitcoin payments. A de minimis
- Bitcoin at Block reposted
BREAKING: 🇺🇸 US HOUSE TAX COMMITTEE HEARING ON #BITCOIN TAX REFORM JUST OFFICIALLY STARTED 0% TAX ON EVERYDAY BTC PAYMENTS IT'S COMING 🚀
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