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Imagine saving for 40 years, skipping vacations, saying “maybe next year.” Then the money supply doubles and wipes away 20 years of your work. That’s how our system works today.

Removing Capital Gains Tax from Bitcoin is the single most important thing we can do for Bitcoin adoption. As long as every transaction is treated as a taxable event, it cannot function as everyday money. Anyone actively lobbying against this is an enemy of Bitcoin. Simple.

Jack Dorsey just publicly called out Coinbase for allegedly lobbying against a tax exemption on small bitcoin transactions the CEO of Block asked the CEO of Coinbase on the record whether his company is fighting against making it easier to actually spend bitcoin this matters because it reveals the fracture at the center of the industry Coinbase makes money when you trade bitcoin Block makes money when you spend bitcoin their business models are opposed on the single most important adoption question: should bitcoin be used as money or held as an asset? the companies building the ecosystem can't agree on what bitcoin is for

This is extremely concerning if true. I can confirm that over the past three months there’s been a strong shift on the Hill to limiting the de minimis exemption to stablecoins only. BPI continues to meet with lawmakers to explain what a strategic blunder this would be for the U.S. We’ve spent years on this issue—we can’t let it slip at the last minute.

JUST IN: American Banking Association CEO Rob Nichols said "WE CAN'T LET THE CLARITY ACT HAPPEN"

New FUD just dropped: ‘Stablecoins don’t have FDIC insurance.’ Banks need insurance because they run fractional reserves and lend out your deposits. Stablecoins are supposed to be backed 1:1. What exactly would need insuring?

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.