Jack Dorsey and Lummis Promote Tax-Free Bitcoin Small Transactions, Block Expands BTC Payment Business Simultaneously
2025-10-09 16:17:19
Jack Dorsey, the founder of Block, called for a "small tax exemption" policy for daily bitcoin transactions. US Senator Cynthia Lummis responded that it was "moving forward" and called on the public to contact lawmakers for support. The proposal was not passed in Trump's bill in July. Dorsey also announced that Block will launch bitcoin payment and crypto wallet services for small and medium-sized enterprises. The industry believes that tax exemption can reduce the burden of filing, but it still needs to be accompanied by regulatory and exchange mechanisms to promote application.
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