BlockBeats News, January 14 – Several Bitcoin advocacy organizations, including the Bitcoin Policy Institute, recently jointly sent a letter to U.S. Congress tax leaders, urging to expand the minimum exemption scope to include Bitcoin and major network tokens, not just stablecoins. The alliance proposed to give cash-like treatment to stablecoins that meet the GENIUS standard, while setting a $25 billion market cap threshold for eligible network tokens to determine which tokens qualify for exemptions. They also stipulated a single transaction limit of $600 and an annual cap of $20,000.
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