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Coinbase Execs Say They Aren't Opposing BTC Tax Exemption
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12 Articles
Brian Armstrong Denies Lobbying Against Bitcoin De Minimis Tax Exemption
Brian Armstrong, CEO of Coinbase, has pushed back against claims that his company’s lobbyists are working to block a Bitcoin (BTC) tax exemption in Washington, calling the allegations “totally false.” The dispute has drawn in Bitcoin advocates, tax lawyers, and crypto lobbyists, and cuts to the center of a wider debate about who the biggest companies in crypto actually represent when they walk the halls of Congress. What the Accusations Said The…
Coinbase Executives Deny Lobbying Against Bitcoin De Minimis Tax Exemption
Puntos claves de la noticia: Coinbase executives refute allegations they lobbied against a bitcoin tax exemption. Stablecoins are the sole beneficiaries of the exemption in the CLARITY Act. Bitcoin’s price volatility turns every transaction into a potential taxable event. Coinbase executives moved quickly to refute allegations that circulated on social media over recent days. Several Bitcoin advocates claimed the exchange pressured US lawmakers…
Coinbase rejected the allegations that it would have lobbyed against a de minimis tax exemption for Bitcoin in the United States, in the midst of a legislative debate that would be contemplating tax relief for dollar-linked stablecoins. *** Brian Armstrong called the allegations that Coinbase seeks to curb a tax exemption for BTC “totally false.” Paul Grewal and Faryar Shirzad also denied that the company had lobbyed Bitcoin before US legislator…
US Congress hijinx around Bitcoin regulations \ stacker news
You may have heard rumblings that a de minmus exemption for Bitcoin in the CLARITY Act is being ambushed by Coinbase. Yesyerday, TFTC claimed that Coinbase is quietly lobbying to kill Bitcoin's de minimis tax exemption. Bryan Armstrong denied this: As did a number of other Coinbase people. Nic Carter even got in on the action: Jack also asked Armstrong about the matter: Then earlier today, Frank Corva posted this on X: He followed up with this a…
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