Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say

Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say

Using Bitcoin to buy groceries or pay a bill sounds simple. Under current US tax law, it is anything but. Every transaction — no matter how small — triggers a taxable event that must be reported to the IRS, forcing users to calculate capital gains on purchases as minor as a cup of coffee. That legal reality has kept Bitcoin largely in the hands of investors rather than in everyday wallets, and a Washington advocacy group says Congress has only a…

Congress Faces Pressure to Ease Tax Rules on Small Bitcoin P

Bitcoin payments in the U.S. currently trigger complex tax reporting obligations, even for small amounts. Continue Reading:Congress Faces Pressure to Ease Tax Rules on Small Bitcoin Payments The post Congress Faces Pressure to Ease Tax Rules on Small Bitcoin Payments appeared first on COINTURK NEWS....

Bitcoin Policy Institute Urges Congress to End Capital Gains Tax on Everyday BTC Payments Bitcoin News ETHNews

Every time an American buys a coffee with Bitcoin, they technically owe the IRS a report. That is not a hypothetical edge case. It is the current state of U.S. tax law, and the Bitcoin Policy Institute has issued a formal policy brief in March 2026 demanding Congress fix it before the opportunity disappears into midterm political dynamics. Under IRS Notice 2014-21, Bitcoin is classified as property. That classification means every transaction, r…