CryptoSpaceWiz 🧪

The best ordinals have providence, art and a story. Do you have any favorites?

Going to start spending time on this personally - seems like we all need to solve it sooner rather than later.

Good morning Now is not the time to panic The time to panic is if Bitcoin devs read these two papers and double down on their chosen solution of “hoping it goes away” Then panic.

$DOG! Big Welcome and Salute to yet ANOTHER New $DOG Bro! 🫡 More and More people are starting to totally "Get It" now ✊️🔥🐕

@Alphaecho207 NEED

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JUST IN: THE #BITCOIN AND CRYPTO INDUSTRY IS WRITING ITS OWN VERSION OF THE CLARITY ACT STABLECOIN COMPROMISE BIG BANKS WON'T GET AWAY WITH ATTACKING OUR INDUSTRY IT'S COMING 🔥

Today’s briefing on a De Minimis exemption for Bitcoin was a great success. Our panel delivered a strong, data forward case for De Minimis relief. Coinbase presented new stats showing that a De Minimis exemption would bring administrative relief by saving millions of unnecessary forms being sent to the IRS. Thank you again to @karacalvert , @janessalopez__ and @wmongan for participating and all the staffers who joined. We’ll keep everyone updated as legislation progresses.

We can maximize Bitcoin’s success by constructively engaging in the legislative process. You are free to ignore the government, but it won’t ignore you.

Unfortunately, the "PARITY Act" promotes anything but. "It creates a two-tier tax regime, offering deferral to stakers while leaving miners stuck with the same phantom income problem." If you care about getting bitcoin tax right, read the below 👇

I'm strongly opposed to any crypto tax legislation that doesn't include tax exemption for BTC. We're here for Bitcoin, not for Ethereum and Solana staking hedge funds.

Unfortunately, this bill only makes stablecoins tax exempt. This is the wrong direction to go in. It’s bitcoin that should have a de minimis tax exemption. Stablecoins are not decentralized and they are not permissionless. They’re not real money, they’re just fiat.

We need a de minimis exemption for Bitcoin, but this discussion draft only includes one for stablecoins. De minimis doesn't make sense for stablecoins, since by design their value should not change.

Even more concerning news today on the Bitcoin tax front. We’re going to need the Cyber Hornets for this one. 👇 Today’s new draft **leaves the double taxation on bitcoin mining in place** and only provides relief to staking. So now the proposal is: - De minimis for stablecoins but not Bitcoin - Fixing tax treatment for “passive validation” (I.e. staking) but not Bitcoin mining This contradicts all prior proposals on this issue. This is not tech neutral and picks winners and losers for no reason. Full statement from BPI coming soon about @RepHorsford and @RepMaxMiller’s draft. We need strong community push back to show that this language sets America and Bitcoin back.

Folks, we told you this was coming, and today the mask is fully off. A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemption for Bitcoin while pushing one that applied only to stablecoins like USDC. We laid out the clear incentives in our deep dive. Coinbase made 1.35 billion dollars in stablecoin revenue last year, up 48 percent year over year, almost entirely from yield on the Treasuries backing USDC. A proper Bitcoin de minimis would let people spend sats on everyday purchases without triggering taxable events on every transaction. That directly competes with their centralized yield machine. We called it what it was. Policy that protects Coinbase’s float rather than advancing neutral Bitcoin adoption. Brian Armstrong pushed back hard. He called our reporting totally false and misinformation while insisting he was personally lobbying for Bitcoin de minimis. Some accused us of lying or spreading rumors. We stood firm. We offered to have Brian on the TFTC podcast to clear the air. We waited. Now the latest draft from Reps. Horsford and Max Miller on the updated PARITY Act framework has dropped. It confirms exactly what we warned about. It gives a de minimis exemption to stablecoins but leaves Bitcoin out entirely. It keeps the punishing double taxation on Bitcoin mining fully intact while carving out relief for passive validation, basically staking. This is not an oversight or sloppy drafting. It abandons any pretense of technology neutrality and deliberately picks winners. Dollar-pegged stables and staking get the breaks, while actual Bitcoin usage as money and Proof-of-Work mining get kneecapped. Without de minimis for Bitcoin, every small Lightning payment or sat transaction still forces cost-basis tracking and IRS headaches. Paying your plumber in sats or grabbing lunch with Bitcoin remains a taxable event. Stablecoins, being pegged and low-volatility, get an exemption they barely need. The real beneficiary is protecting that massive USDC reserve float and the yield it generates. Meanwhile, American Bitcoin miners, already operating in one of the toughest, most capital- and energy-intensive industries, face continued double taxation while staking gets a pass. That is not neutral policy. It is industrial policy against domestic Bitcoin mining at a time when we should be leaning into energy abundance and securing the hardest monetary network. The Bitcoin Policy Institute is releasing a full statement soon, and we fully back the call for strong community pushback. Every Bitcoiner needs to contact their reps and make it politically radioactive to sideline Bitcoin while handing carve-outs to stables and staking. This language slows real adoption, entrenches custodians, and weakens American Bitcoin infrastructure. We weren’t lying. Our sources weren’t lying. The draft proves the reporting was on target. Those who rushed to call it misinformation owe the community some honest reflection. Brian, if you’re still open to that conversation, the invitation stands. Come on the podcast. No spin, just walk us through how this draft lines up with your stated support for Bitcoin de minimis. The mic is warm. This fight isn’t over. Bitcoin doesn’t need permission, but bad policy can delay sovereign adoption and punish the miners securing the network. We’re here to protect the protocol and the right of individuals to use sound money without turning every transaction into a compliance nightmare. Stay sovereign. Stack sats. Use Bitcoin as money anyway. Call your reps today.

Hopefully this is a wakeup call for bitcoin influencers. Inscriptions and runes brought a huge amount of users to bitcoin and your strategy has been to be actively hostile to them. In that light, this outcome was obvious.

JUST IN: 🇺🇸 Coinbase, Block, River, and the Bitcoin Policy Institute will advocate for a de minimis tax exemption for Bitcoin and crypto payments to staffers in Washington, DC tomorrow 🙌

JUST IN: 🇺🇸 $4.3 trillion mortgage provider Fannie Mae to accept crypto-backed mortgages, WSJ reports.

AND VOTE FOR CASEY AND ERIN IN THE MAXI MADNESS SEMI FINALS x.com/bitcoin_bugle/… Just this once, I call upon the power of the $DOG army 😭

And save @rodarmor while you're at it x.com/bitcoin_bugle/…

Vote Casey right now. Lets take the lead right back!!