Bitcoin advocacy groups recently submitted recommendations to the U.S. Congress Joint Committee on Taxation, hoping to expand the scope of the de minimis tax exemption policy. Currently, this benefit mainly targets stablecoins, and they argue that the same policy treatment should be extended to Bitcoin and other mainstream public chain tokens.

The recommendation specifically highlights a practical issue: even though the GENIUS Act provides certain tax advantages for qualifying stablecoins, this is far from enough to address the compliance challenges faced by crypto payments. Relying solely on favorable policies for stablecoins cannot truly promote the standardized development of the entire crypto payment ecosystem.

The advocacy organization proposed two core suggestions in their letter: first, payment stablecoins that pass compliance reviews should be granted tax treatment similar to fiat currencies; second, mainstream tokens with a market cap of no less than 25 billion should also be included in a similar tax exemption framework.

The underlying logic is clear—only by ensuring that mainstream assets like Bitcoin and Ethereum enjoy reasonable tax treatment can we truly incentivize individuals and businesses to use cryptocurrencies for daily payments, thereby promoting the construction of Web3 payment infrastructure.