The push for more practical cryptocurrency usage is gaining momentum, with prominent figures like Jack Dorsey advocating for tax exemptions on small Bitcoin transactions. Dorsey, founder of Square and a vocal supporter of cryptocurrencies, has proposed a de minimis tax exemption to encourage broader adoption as everyday payment options. He argues that removing this financial barrier would make Bitcoin more readily available for use in daily purchases. This proposal, championed by Senator Cynthia Lummis with her own bill targeting small Bitcoin transactions, aims to foster wider usage and aligns with the vision of Bitcoin’s decentralized nature as envisioned by Satoshi Nakamoto. Crypto industry leaders, including Coinbase’s vice president of tax, Lawrence Zlatkin, are also supporting such reforms, urging for a de minimis exemption for transactions up to $300 to incentivize retail crypto payments and keep innovation within the U.S. Meanwhile, several nations like the UAE, Germany, and Portugal have already implemented favorable tax policies aimed at attracting blockchain businesses, highlighting potential competitive disadvantages for the U.S. in this burgeoning space. The push for tax reforms comes as industry experts continue to advocate for measures that will facilitate wider adoption of digital assets in daily financial transactions, paving the way for a more integrated future of finance.