JUST IN: 🇺🇸 Senator Cynthia Lummis & former Congressman Mike Rogers said we must pass an "exemption to allow Americans to use Bitcoin for small everyday purchases without triggering burdensome tax reporting." 🙌 
Discussion
This man’s face is tough to look at.
😴
If they made BTC transactions below $100 tax free, this could boost Bitcoin payments massively!
Medium of exchange, here we come!
#Bitcoin
nostr:nevent1qqsr5zs4cq2u2s7ws7mt0cfyp0j79tgxug2xq99qr6rpux9re9j5h9g88z9wc
I thought she wanted to spend fiat and keep the Bitcoin?
What does that have to do with this?
she said we shouldn't be spending Bitcoin and she wants to pass a bill to make it easy to spend. Let me know if you need further explanation
I was under the impression she meant the US shouldn't spend it's reserves. Not that I should be taxed on my Bitcoin when I spend it. Those seem like two separate things to me.
They don’t know zaps already exist. They think birds can’t fly without government permission🙄.
nostr:nevent1qqsr5zs4cq2u2s7ws7mt0cfyp0j79tgxug2xq99qr6rpux9re9j5h9g88z9wc
Yessss this is the ONE thing I'm still holding out hope for from this administration...
Imagine a world with legalized zapping
If I have to report capital gains when I spend bitcoin that has appreciated since I acquired it, I should get to report capital losses when I spend dollars that have deprecated since I acquired them.
You mean I should have been reporting my zaps?
