At the 2025 Bitcoin Conference, U.S. Senator Cynthia Lummis and Coinbase CLO Paul Grewal addressed critical issues in cryptocurrency regulation, including the market structure bill and stablecoin bill. Lummis emphasized the importance of the market structure bill for various businesses engaged in Bitcoin transactions. She proposed tax exemptions for small Bitcoin transactions to foster daily use. Additionally, Lummis pointed out ongoing regulatory challenges, highlighting the need for effective policy changes despite the current absence of a confirmed IRS director. Ultimately, she urged the government to leverage Bitcoin in addressing the national debt of $37 trillion.
The market structure bills is probably more important to a lot of the people in this conference than the stablecoin bill because there are a lot of businesses, yours among them. There are businesses for people who either buy and hold, so they want a custodial service or there are companies that lend Bitcoin.
As the lighting network develops and companies like Strike sort of have been leaders in that space, create an opportunity for transactions to occur on a daily basis in Bitcoin. It would be helpful that certain transactions of that size below 600 dollars per transaction, not be subject to taxation.
Part of the problem in the last four years has been largely regulatory agencies that have been very hostile towards digital assets, so we are trying to change as fast as we can. It doesn't happen overnight.
We are 37 trillion dollars in debt, and we need to think about how to utilize Bitcoin and digital assets effectively to address this fiscal issue.
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