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Because the exemption is denominated in dollars, not #Bitcoin, it will become useless as inflation further deteriorates the dollar's purchasing power, purchasing all real purchases above the limit. In other words, this a temporary measure to virtue signal to the #Bitcoin space, probably so well look the other direction on the Palantir/Stablecoin reset. View quoted note →
BREAKING: 🇺🇸 White House says it is exploring de minimis tax exemption for Bitcoin "to make crypto payments easier." 👀