The White House is pushing for a pro-crypto amendment to the Build‑Back‑Better reconciliation bill that would exempt small Bitcoin transactions—under roughly $600—from capital gains tax.
The goal is to align tax rules with everyday payment use, easing compliance for routine purchases and helping normalize crypto for consumers.
Supporters argue this change could drive adoption and show federal recognition of crypto’s growing role in daily finance.
With a Senate vote approaching, advocates are urging fast action to get the measure included in the final budget package.
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#crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp
The goal is to align tax rules with everyday payment use, easing compliance for routine purchases and helping normalize crypto for consumers.
Supporters argue this change could drive adoption and show federal recognition of crypto’s growing role in daily finance.
With a Senate vote approaching, advocates are urging fast action to get the measure included in the final budget package.
Join the free memecoin discord in my bio for alpha
#crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp
The White House is pushing for a pro-crypto amendment to the Build‑Back‑Better reconciliation bill that would exempt small Bitcoin transactions—under roughly $600—from capital gains tax.
The goal is to align tax rules with everyday payment use, easing compliance for routine purchases and helping normalize crypto for consumers.
Supporters argue this change could drive adoption and show federal recognition of crypto’s growing role in daily finance.
With a Senate vote approaching, advocates are urging fast action to get the measure included in the final budget package.
Join the free memecoin discord in my bio for alpha 📲
#crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp
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