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Blake
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Blake
@txbitcoinbull
I was into #bitcoin and #jesus before it was cool. Managing Partner - Flux Private Brokerage https://t.co/atRsOJk6P0
Texas Katılım Temmuz 2019
1.5K Takip Edilen1.5K Takipçiler

@benjamincowen 5th child in a bull market, right? .... Righhhtttt?!?!
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Coinbase is quietly lobbying to kill Bitcoin's de minimis tax exemption.
The company reportedly told legislators that "no one is using Bitcoin as money" and that a Bitcoin de minimis exemption would be "DOA." Meanwhile, they're pushing for the exemption to apply only to stablecoins, specifically regulated, dollar-pegged stablecoins like USDC.
Coinbase made $1.35 billion in stablecoin revenue in 2025, up 48% year over year, almost entirely from interest earned on U.S. Treasuries held in USDC reserves. Bloomberg estimates that number could surge 7x under the GENIUS Act. Every person who uses USDC for payments instead of Bitcoin is a person whose dollars are sitting in Coinbase's reserve pool generating risk-free yield for Coinbase.
A de minimis exemption for Bitcoin would let people spend it freely for everyday purchases without triggering a taxable event. That makes Bitcoin a direct competitor to USDC as a payment method. Coinbase doesn't want that competition. They want you locked into their centralized stablecoin ecosystem where they clip yield on every dollar you park there.
The irony is that a de minimis exemption doesn't even make sense for stablecoins. They're pegged to the dollar. They don't fluctuate in value. There's no capital gain to exempt. The exemption matters for Bitcoin precisely because it does fluctuate, and without it, every coffee purchase becomes a taxable event.
Senator Lummis proposed a $300 de minimis exemption that would cover Bitcoin. The House framework only covers stablecoins under $200. The Bitcoin Policy Institute has already warned that Bitcoin is being deliberately excluded from these talks.
A de minimis exemption that covers stablecoins but not Bitcoin isn't a tax framework. It's a subsidy for Coinbase's treasury management business disguised as consumer protection.

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@nvk "How do you buy it?"
Go to dallasbitcoinatm.com and work with our concierge service.
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Eight months ago today, Steak n Shake launched its burger-to-Bitcoin transformation when we started accepting bitcoin payments. Our same-store sales have risen dramatically ever since.
All Bitcoin sales go into our Strategic Bitcoin Reserve.
Today we increased our Bitcoin exposure by $10,000,000 in notional value.
We have created a self-sustaining system — growing same-store sales that grow the SBR. Improving food quality expands Steak n Shake's reach and leverages Bitcoin into a new and delicious dimension. 🚀
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