Bitcoin supporters are urging Congress to extend transaction tax exemptions to BTC and major online tokens.

According to Mars Finance, several Bitcoin advocacy organizations, including the Bitcoin Policy Institute, recently sent a joint letter to U.S. Congressional tax leaders, urging the expansion of the minimum exemption to include Bitcoin and major cryptocurrencies, not just stablecoins. The alliance proposes granting cash-like treatment to stablecoins that meet the GENIUS standard, while setting a $25 billion market capitalization threshold for eligible cryptocurrencies to determine which ones qualify for exemption. It also proposes a single transaction limit of $600 and an annual cap of $20,000.