{"id":38145,"date":"2025-07-22T14:01:35","date_gmt":"2025-07-22T14:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38145"},"modified":"2025-07-22T14:01:35","modified_gmt":"2025-07-22T14:01:35","slug":"bitcoin-as-everyday-money-jack-dorseys-block-reveals-roadmap","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38145","title":{"rendered":"Bitcoin As \u2018Everyday Money\u2019: Jack Dorsey\u2019s Block Reveals Roadmap"},"content":{"rendered":"
\n

Jack Dorsey\u2019s payments company Block has laid out a policy agenda that it argues could unlock Bitcoin\u2019s evolution from reserve asset to routine means of payment in the United States. \u201cA path towards Bitcoin as everyday money,\u201d Dorsey posted on X today, amplifying a detailed blog post and earlier thread by Thomas Templeton, the company\u2019s lead for Bitcoin hardware and mining initiatives.<\/p>\n

Templeton wrote that Block is \u201cbuilding toward a world where Bitcoin is everyday money \u2014 not just a store of value,\u201d stressing that congressional action is now the decisive variable. \u201cTo realize this vision, we need Congress to modernize the regulatory frameworks to support this,\u201d he told his followers, linking to the firm\u2019s memorandum Policies to Unlock Bitcoin as Everyday Money.<\/p>\n

3 Changes To Make Bitcoin Money<\/h2>\n

In that document, Block revisits the founding premise of Bitcoin as set out by Satoshi Nakamoto<\/a> in 2008: \u201cA Peer-to-Peer Electronic Cash System.\u201d It argues that the network\u2019s open, permissionless design is \u201cnot about speculation\u2014it\u2019s about access,\u201d and positions BTC\u2019s architecture as a model for \u201cresilience and innovation\u201d in national payments infrastructure. Block says it is investing across the stack\u2014mining rigs, self-custody wallets, and Square-branded point-of-sale integrations\u2014to lower barriers for \u201cpeople and small businesses\u201d who wish to transact natively on Bitcoin.<\/p>\n

Yet the company contends that federal law has not kept pace with technical progress. It urges lawmakers to take three steps it sees as prerequisites for mass-market use.<\/p>\n

First, Block underscores the urgency of comprehensive market-structure reform now embodied by the Digital Asset Market Clarity (CLARITY) Act<\/a>. Re-quoting Block\u2019s own brief, the company maintains that Bitcoin\u2019s \u201cdecentralized, permissionless, and open-source architecture makes it one of the most transparent and democratically governed forms of money ever created.\u201d<\/p>\n

Second, the company seeks statutory protection for \u201cparticipants that do not custody customer funds\u2014like software developers, node operators, miners, and wallet providers.\u201d This language mirrors the bipartisan Blockchain Regulatory Certainty Act, which would encode the principle that money-transmitter rules apply only to intermediaries with control over customer funds.<\/p>\n

Third, Block presses for a de minimis capital-gains exemption<\/a> on small retail transactions, likening Bitcoin\u2019s tax treatment to that of foreign currency. Under current rules, buying a cup of coffee with appreciated BTC triggers a taxable event, a friction Block believes \u201cdisincentivizes everyday use.\u201d The firm notes that Square plans to enable direct BTC payments \u201clater this year\u201d and says a tax safe harbour is \u201cessential to ensuring bitcoin can be more widely adopted as a medium of exchange.\u201d<\/p>\n

Throughout the policy paper, Block differentiates Bitcoin from the broader digital-asset sector by emphasizing its fixed supply of 21 million coins, its \u201cfungibility,\u201d and its decade-plus operational history. \u201cWhether it\u2019s sending value across borders, or seamlessly transacting with small businesses, bitcoin has the real-world potential of modernizing payments and addressing everyday financial needs,\u201d the memo states.<\/p>\n

While Dorsey\u2019s personal advocacy for Bitcoin is well-known\u2014he once called it \u201cthe native currency of the internet\u201d\u2014Block\u2019s new roadmap still represents the company\u2019s most detailed policy blueprint to date. Since its release, the legislative chessboard has shifted: the Digital Asset Market Clarity (CLARITY) Act passed the House on 17 July by 294\u2013134 and now awaits action on the Senate calendar.<\/p>\n

By contrast, the narrower Blockchain Regulatory Certainty Act has only been re-introduced and remains bottled up at the House Financial Services Committee, with no Senate companion yet filed. Capitol-hill watchers are therefore focused on whether Senate Banking Chair Tim Scott will grant CLARITY a markup following the committee\u2019s 9 July hearing on digital-asset market structure and on whether tax writers will graft a de minimis capital-gains exemption onto the next must-pass vehicle, now that President Trump has already signed the GENIUS stablecoin law on 21 July.<\/p>\n

Absent those reforms, Block warns, the United States risks ceding ground to jurisdictions where Bitcoin payments already operate at retail scale. With Square\u2019s merchant network preparing to accept Bitcoin alongside credit cards and Tap-to-Pay, the company\u2019s message to lawmakers is unambiguous: \u201cIt\u2019s time for Congress to pass a comprehensive federal licensing framework and unlock a tax barrier for small-dollar BTC transactions to be a viable medium of exchange.\u201d<\/p>\n

At press time, BTC traded at $117,152.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Jack Dorsey\u2019s payments company Block has laid out a policy agenda that it argues could unlock Bitcoin\u2019s evolution from reserve asset to routine means of payment in the United States. \u201cA path towards Bitcoin as everyday money,\u201d Dorsey posted on X today, amplifying a detailed blog post and earlier thread by Thomas Templeton, the company\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38145","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38145"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38145\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}