Jack Dorsey, founder of Square, called for a de minimis tax exemption on small Bitcoin transactions to make the cryptocurrency more practical for daily use. “We want Bitcoin to be everyday money ASAP,” he said on Wednesday, after Square integrated Bitcoin payments into its checkout and point-of-sale systems. The proposal would remove the capital gains burden on low-value Bitcoin payments, a long-standing obstacle to using the asset as a medium of exchange in the U.S. His comments came as Senator Cynthia Lummis renewed efforts to introduce an exemption covering transactions of $300 or less, with a total annual cap of ... (full story)