{"id":52111,"date":"2025-10-10T09:31:31","date_gmt":"2025-10-10T09:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52111"},"modified":"2025-10-10T09:31:31","modified_gmt":"2025-10-10T09:31:31","slug":"jack-dorsey-wants-a-tax-exemption-on-everyday-bitcoin-transactions-cynthia-lummis-points-toward-a-bill-she-introduced","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52111","title":{"rendered":"Jack Dorsey Wants A Tax Exemption On Everyday Bitcoin Transactions \u2014 Cynthia Lummis Points Toward A Bill She Introduced"},"content":{"rendered":"<div>\n<p>Sen.\u00a0<strong>Cynthia Lummis<\/strong>\u00a0(R-Wyo.) backed <strong>Block Inc.\u00a0<\/strong>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/XYZ\">XYZ<\/a>) CEO <strong>Jack Dorsey\u2019s<\/strong> call for tax relief on <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) transactions on Thursday, citing a supportive legislation she introduced earlier.<\/p>\n<h2 class=\"wp-block-heading\">\u2018De Minimis Tax Exemption\u2019<\/h2>\n<p>Dorsey advocated for a \u201cde minimis tax exemption\u201d on everyday BTC payments, backing an argument that routine purchases, like buying coffee, shouldn\u2019t trigger capital gains.<\/p>\n<p>Lummis quoted his post, saying, \u201cIf only we had a \u20bfill for that\u2026 Oh, wait,\u201d suggesting that a bill she introduced in June already addresses these concerns.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If only we had a \u20bfill for that\u2026<\/p>\n<p>Oh, wait.\u2b07\ufe0f <a href=\"https:\/\/t.co\/xENadEbrlJ\">https:\/\/t.co\/xENadEbrlJ<\/a> <a href=\"https:\/\/t.co\/WCWr2MS0hh\">pic.twitter.com\/WCWr2MS0hh<\/a><\/p>\n<p>\u2014 Senator Cynthia Lummis (@SenLummis) <a href=\"https:\/\/twitter.com\/SenLummis\/status\/1976361842718236686?ref_src=twsrc%5Etfw\">October 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<h2 class=\"wp-block-heading\">What Does Lummis\u2019 Bill Say?<\/h2>\n<p>The bill seeks to <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46251827\/crypto-tax-loopholes-closing-a-look-inside-bitcoin-senator-lummis-new-bill\">exempt gains from small transactions<\/a>, up to $300 per transaction, with an annual cap of $5,000 per individual. The legislation has been read twice &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/10\/48143015\/jack-dorsey-wants-a-tax-exemption-on-everyday-bitcoin-transactions-cynthia-lummis-points-to\" alt=\"Jack\" dorsey wants a tax exemption on everyday bitcoin transactions cynthia lummis points toward bill she introduced>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sen.\u00a0Cynthia Lummis\u00a0(R-Wyo.) backed Block Inc.\u00a0(NYSE:XYZ) CEO Jack Dorsey\u2019s call for tax relief on Bitcoin (CRYPTO: BTC) transactions on Thursday, citing a supportive legislation she introduced earlier. \u2018De Minimis Tax Exemption\u2019 Dorsey advocated for a \u201cde minimis tax exemption\u201d on everyday BTC payments, backing an argument that routine purchases, like buying coffee, shouldn\u2019t trigger capital gains. [&hellip;]<\/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-52111","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\/52111","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=52111"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52111\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}