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A certain CEX was exposed for lobbying against the small-scale Bitcoin tax exemption policy, advocating that it should only apply to stablecoins.

bitcoin news Geopolitics Regulation & Policy

2026-03-12 05:46:51

BTC0.97%

Gate News reports that on March 12, according to BitcoinNews, a certain crypto trading platform was accused of potentially lobbying U.S. lawmakers behind the scenes to oppose small transaction tax exemptions for Bitcoin and suggesting that such exemptions be limited only to stablecoins. Previously, Bitcoin policy advocate Marty Bent disclosed on social media that the platform had told legislators "no one uses Bitcoin as currency," and believed that establishing small tax exemptions for Bitcoin would be a "futile subsidy." The crypto community considers that if these reports are true, it would be "very concerning," aligning with recent worries over crypto legislation (such as the GENIUS Act), which suggest that some policies may be influenced by special interest groups and regulatory capture rather than genuine innovation. Over the past three months, policy discussions on Capitol Hill have shown a clear shift, with some proposals favoring small transaction tax exemptions only for stablecoins and excluding Bitcoin. The Bitcoin Policy Institute, a Bitcoin advocacy organization, stated that ongoing discussions with lawmakers indicate that limiting small tax exemptions solely to stablecoins would be a strategic mistake in U.S. policy. The organization has long advocated for exempting small Bitcoin transactions from capital gains tax.

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