2026-01-07 08:20:19

Prominent tech entrepreneur Jack Dorsey has made a bold push toward Congress, advocating for the complete elimination of taxation on bitcoin transactions. His stance represents a significant shift in the conversation around digital asset regulation, challenging the current framework that treats BTC spending as a taxable event.

Dorsey's proposal centers on streamlining bitcoin adoption by removing the tax burden that currently complicates everyday transactions. The initiative signals growing momentum within the crypto community to reshape how governments approach cryptocurrency taxation. If implemented, this could fundamentally alter the landscape for bitcoin users and merchants accepting digital payments.

The call reflects broader industry efforts to establish bitcoin as a practical medium of exchange rather than solely an investment vehicle. Whether policymakers will respond to this appeal remains to be seen, but the advocacy underscores the ongoing tension between regulatory oversight and the vision of frictionless crypto transactions.

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RooftopVIP

· 11h ago

This guy is dreaming again... Will the tax authorities agree? --- Dorsey, are you dreaming? How dare you think that? --- Zero tax rate? Ha, where does the government get its money from? --- Alright, another unrealistic proposal. Wake up. --- Nice words, but it's just trying to evade taxes. --- People say this every year, but in reality? Not a single one has succeeded. --- Bribing politicians? How much does that cost?

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AirdropHustler

· 01-07 08:50

Zero tax BTC? Dream on, buddy... Americans wouldn't be so generous for no reason. --- Dorsey is up to something again, but whether Congress will listen this time is another matter. --- Removing trading taxes? That sounds ridiculous to me. How could the government give away such a big cake? --- Alright, all we can do is hope for a miracle. Anyway, us retail investors will just hang in there. --- Thinking too much. The US government isn't that friendly. --- Is this guy serious? Feels like he's dreaming. --- BTC as a payment method... let's lower the miner fees first. --- Empty talk again. I'm just here to watch the show. --- A good plan, but I don't know if it will pass.

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FantasyGuardian

· 01-07 08:49

Here comes Dorsey again, wanting to popularize Bitcoin by canceling BTC taxes? Dream on.

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LiquidatedTwice

· 01-07 08:46

Zero-tax Bitcoin transactions? Dorsey’s move is ruthless, can Congress buy into it... --- Here we go again, every time they say they want to reform the tax system, but then... --- ngl this is the real path to adoption, otherwise who would use Bitcoin to pay if they have to do the math every day --- Wait, if this really passes, wouldn’t the compliance departments of those exchanges go crazy --- It sounds good, but it really depends on what the lawmakers think; money matters are not that simple --- Finally, a big figure has spoken out, previously saying that payments should not be taxed as investments

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MelonField

· 01-07 08:39

Jack is right, every time I spend Bitcoin, I get taxed to death. It's really frustrating. For Bitcoin to become a daily payment tool, the tax framework needs to change. It's easy to say, but will those folks in Congress listen? Haha. Decentralization dream vs. government’s wallet, an eternal contradiction. This time, if it can really be pushed through, it would be a black swan.

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MissedTheBoat

· 01-07 08:25

Jack Dorsey is dreaming again, about canceling BTC taxes... Will the government agree? Wake up, brother. If there were truly zero taxes, I wouldn't sell at all, just hold for a few hundred years. The crypto world is always fighting against regulators. If this time succeeds, it would be a miracle. It sounds good, but isn't it just to get retail investors to buy and trade more, to boost trading volume? From an investment asset to a payment tool... this transition is too idealistic. In reality, who really spends Bitcoin as money? It's another lobbying show, just industry hype. Just want to ask, if this really passes, could it instead trigger even stricter regulatory storms? The slogans are loud, but the execution is extremely difficult. I'm choosing to wait and see.

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