Coinbase CEO denies lobbying against tax exemption for small BTC transactions

Coinbase CEO Brian Armstrong has strongly refuted recent allegations that the company lobbied against a tax exemption for small Bitcoin transactions. According to U.Today, rumors had spread within some crypto communities that Coinbase was working to eliminate this tax benefit, supposedly because the company would profit if the exemption were applied only to stablecoins. Armstrong stated that he does not know the source of this misinformation, calling the claim a complete fabrication. He emphasized that he has invested significant time advocating for the tax exemption on small Bitcoin transactions and intends to continue doing so.