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Jack Dorsey Calls for U.S. Tax Relief on Bitcoin Payments
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 ... (full story)
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From cnbc.com|Oct 10, 2025On today’s episode of CNBC Crypto World, bitcoin falls as the S&P 500 and Nasdaq retreat from record highs. Plus, Citi has invested in stablecoin infrastructure company BVNK as ...
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From @financialjuice|Oct 10, 2025|4 commentsFed's Waller: I don't know if I am a Fed chair finalist or not - CNBC FED'S WALLER: DONT KNOW IF I AM A FED CHAIR FINALIST OR NOT - CNBC INTERVIEW FOR FED CHAIR WAS "GREAT" THERE WAS NOTHING POLITICAL ABOUT THE INTERVIEW, WAS ALL SERIOUS ECONOMICS THERE HAVE BEEN SHUTDOWNS BEFORE, THERE IS A LOT OF PRIVATE SECTOR DATA TO RELY ON PIECES OF… WALLER: THE CPI DATA WILL HELP A LOT IN THE COMING MEETING TARIFF EFFECTS ON INFLATION ARE ONE TIME CHANGES IN THE PRICE LEVEL, AND CAN BE LOOKED THROUGH IF INFLATION WILL COME UP AND COME BACK DOWN IT SHOULD NOT INFLUENCE MONETARY POLICY NEGATIVE JOB GROWTH MEANS THE U.S.… WALLER SAYS THE FED NEEDS TO CUT RATES BUT NEEDS TO BE CAUTIOUS ABOUT IT WALLER SAYS THE FED IS NOT GOING TO BE AGGRESSIVE OR FAST, WILL MOVE IN QUARTER POINT STEPS
From morningstar.com|Oct 10, 2025Banks are hardly the fragile utilities they are claiming to be Banking companies claim that stablecoins will drain the banking system of the deposits it needs to provide mortgages ...
From statcan.gc.ca|Oct 10, 2025|13 commentsEmployment increased by 60,000 (+0.3%) in September and the employment rate rose by 0.1 percentage points to 60.6%. The unemployment rate was unchanged at 7.1%. Employment was up ...
