👏

Okay. That’s just kind of theoretical musings as compared to a response to the comment I made, though.

The yearly limits hurts the spirit of what the bill is trying to facilitate, yes, but it’s a start.

🎯

I’d imagine she factored those into her calculations!

I’m not sure I follow.

The legislation would apply to all digital assets, not just bitcoin, so just providing a bitcoin denomination doesn’t work.

That may be your view of the world, which you’re entitled to, but one of the only things that’s going to encourage retailers to accept bitcoin is laws that enables people to spend bitcoin without worrying about potential tax repercussions.

Senator Lummis’ new bill enables U.S. citizens to spend #bitcoin without incurring capital gains taxes - which is very cool. The only problem is that the spending thresholds are too low. https://bitcoinmagazine.com/takes/senator-lummis-new-bitcoin-tax-exemption-bill-is-insufficient-but-its-a-start

Just finished up a great rip with Julian Fahrer of BitcoinLaws.io. We covered: 📌 Senator Lummis’ new Bitcoin tax exemption law 📌 Troy Cross’ findings on Bitcoin voter demographics 📌 Updates on Bitcoin laws from AZ, CA, CT & MA 📌 The OBBB 📌 Pakistan and the IMF 📌 Takeaways from my interview at with Venezuelan opposition leader as they pertain to NYC’s new mayoral candidate, Zohran Mamdani Enjoy! https://www.youtube.com/live/ZGvcSXcJzlk?si=p3Sn1Dsxi529GviU

Did you know I used to do press and marketing for them?

In just over three years, the Bitcoin Policy Institute (BPI) has gone from “a blog running on a shoestring budget” to having real influence in DC. I sat down with BPI’s co-founder, David Zell, after this year’s Bitcoin Policy Summit, the org’s third annual event, to recap the event and to discuss the rise of BPI. https://youtu.be/MEDa6mFVnbA?si=0n3ugv9dcaSwbfnB