Stablecoins are now available on @CashApp π«
Send and receive USDC on SOL, ETH, POL, and ARB
One unified USD balance
No separate wallet, no extra setup, no fees to start
cash.app/press/cash-appβ¦
The Reaper cometh for all but he's actually pretty chill
@CashApp slashes your fees on bitcoin purchases if you set up auto buys. Learn more at cash.app/bitcoin/fees
Bitcoin services by Block, Inc. of Delaware, licensed by the NYDFS to engage in virtual currency business activity. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. See disclosures: cash.app/legal/us/en-usβ¦
A de minimis exemption would unlock millions (possibly billions) of dollars in capital currently sidelined in bitcoin due to tax complexity.
This is not a handout. It reduces transactional friction, encourages economic activity, and puts dormant capital to work.
Congress is taking a real first step toward crafting fair crypto tax policy in the US. Their latest crypto tax package offers relief in many areas, including for stablecoins & gas fees.
However, it fails to eliminate capital gains tax on everyday bitcoin payments.
A de minimis
Congress is taking a real first step toward crafting fair crypto tax policy in the US. Their latest crypto tax package offers relief in many areas, including for stablecoins & gas fees.
However, it fails to eliminate capital gains tax on everyday bitcoin payments.
A de minimis
Bitcoin was designed as money. The merchants are set up, the technology is proven, the demand is here, and American small businesses stand to benefit.
The largest remaining barrier is the tax code.
Today, in front of United Statesβ lawmakers, @jasonsomensatto testified in support of tax reforms for small everyday bitcoin transactions, like buying a coffee, mining with a computer, and generally easing the complexity put onto individual people using decentralized currency
Today, @jack joined 60+ CEOs and founders who sent a message to Senate leadership: Pass the Clarity Act with the BRCA intact.
Developers who do not control user funds are not money transmitters π
Full letter:
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