Exemption of small payments from Bitcoin tax becomes a top legislative priority for Block

"Block," a fintech company led by Jack Dorsey, announced the exemption of small Bitcoin transactions from taxes, making it its top legislative priority. Janessa Lopez, Head of Digital Asset Policy at "Block," stated this decision during the Bitcoin Conference 2026. She confirmed that eliminating the reporting of capital gains tax for daily Bitcoin payments is crucial for widespread adoption of this currency. This move comes amid broader discussions in Congress on how to handle digital currencies under tax law.
Block platform prioritizes tax exemption for small Bitcoin transactions
Lopez explained that the company's goal is clear: to remove the burden of reporting small Bitcoin payments. Currently, every Bitcoin transaction potentially triggers capital gains calculations. This complexity discourages users from spending Bitcoin on everyday goods like coffee or groceries. By excluding small transactions, Block aims to make Bitcoin practical for daily use. Lopez warned that some Congress members want to restrict this exemption to stablecoins only. She emphasized that this approach violates the principle of technological neutrality.