{"id":174772,"date":"2025-10-10T08:30:01","date_gmt":"2025-10-10T05:30:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=174772"},"modified":"2025-10-10T08:34:13","modified_gmt":"2025-10-10T05:34:13","slug":"everyday-money-jack-dorsey-wants-bitcoin-to-finally-live-up-to-its-promise","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/everyday-money-jack-dorsey-wants-bitcoin-to-finally-live-up-to-its-promise\/","title":{"rendered":"\u201cEveryday Money\u201d &#8211; Jack Dorsey Wants Bitcoin to Finally Live up to its Promise"},"content":{"rendered":"<p>The announcement came as Square revealed that businesses using its checkout and point-of-sale systems can now accept Bitcoin payments directly. Dorsey took the opportunity to highlight what he sees as a key barrier to everyday crypto use: the capital gains tax applied to even the smallest BTC transactions in the United States.<\/p>\n<p>He pointed to the <strong><a href=\"https:\/\/x.com\/jack\/status\/1976056646138036581\" rel=\"nofollow\">need<\/a><\/strong> for a de minimis tax exemption \u2013 a rule that would make small payments tax-free. This idea isn\u2019t new: Wyoming Senator Cynthia Lummis proposed a bill earlier this year that would exempt Bitcoin transactions of up to $300, with a yearly limit of $5,000. The goal is to make it easier for people to use Bitcoin for ordinary purchases, like a cup of coffee or a bus ticket, without worrying about tax paperwork.<\/p>\n<p>Under current U.S. law, every time someone spends Bitcoin, they must calculate and report capital gains or losses, even for a few dollars. That complexity has limited Bitcoin\u2019s practical use as a payment method, despite its growing popularity as a long-term investment or \u201cstore of value.\u201d<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-174621\" href=\"https:\/\/cryptodnes.bg\/en\/luxembourgs-sovereign-wealth-fund-allocates-1-of-portfolio-to-bitcoin-etfs\/\" title=\"Luxembourg\u2019s Sovereign Wealth Fund Allocates 1% of Portfolio to Bitcoin ETFs\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/bitcoin-btc-crypto-black-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Luxembourg\u2019s Sovereign Wealth Fund Allocates 1% of Portfolio to Bitcoin ETFs<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Other nations have already taken steps in this direction. Countries such as UAE, Germany and Portugal \u00a0offer tax-friendly environments for crypto transactions, attracting startups and investment that might otherwise have gone to the United States.<\/p>\n<p>Supporters of Bitcoin hope that easing tax rules could help the asset fulfill one of its original promises \u2013 becoming a decentralized, peer-to-peer form of money that\u2019s as practical for daily use as it is for storing wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jack Dorsey is once again making headlines for his push toward mainstream Bitcoin adoption.\u00a0<\/p>\n","protected":false},"author":9,"featured_media":34144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,424],"coin_category":[],"class_list":["post-174772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u201cEveryday Money\u201d - Jack Dorsey Wants Bitcoin to Finally Live up to its Promise<\/title>\n<meta name=\"description\" content=\"Jack Dorsey is once again making headlines for his push toward mainstream Bitcoin adoption.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/everyday-money-jack-dorsey-wants-bitcoin-to-finally-live-up-to-its-promise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cEveryday Money\u201d - Jack Dorsey Wants Bitcoin to Finally Live up to its Promise\" \/>\n<meta property=\"og:description\" content=\"Jack Dorsey is once again making headlines for his push toward mainstream Bitcoin adoption.\u00a0\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-10T05:30:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-10T05:34:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/jack-dorsey-at-the-bitcoin-2021-convention.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1245\" \/>\n\t<meta property=\"og:image:height\" content=\"701\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Zdravkov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/riverbeaver17\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Zdravkov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/everyday-money-jack-dorsey-wants-bitcoin-to-finally-live-up-to-its-promise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/everyday-money-jack-dorsey-wants-bitcoin-to-finally-live-up-to-its-promise\\\/\"},\"author\":{\"name\":\"Alexander Zdravkov\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#\\\/schema\\\/person\\\/6042a0f3f18efba4b370857bef9d000c\"},\"headline\":\"\u201cEveryday Money\u201d &#8211; 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