BPI: US crypto tax exemption bill must include Bitcoin

The Bitcoin Policy Institute (BPI) has expressed concern that a U.S. bill providing tax exemptions for small cryptocurrency transactions may only apply to stablecoins, potentially excluding everyday Bitcoin transactions. According to Cointelegraph, a bill introduced in July by Wyoming Senator Cynthia Lummis would offer tax exemptions for crypto transactions under $300, with an annual limit of $5,000.