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Tron founder Justin Sun confirmed that the network will implement post-quantum signatures aligned with NIST standards, aiming to protect users against the potential for quantum machines to break traditional cryptographic algorithms such as ECDSA. Sun also announced the integration of ML-DSA and Falcon algorithms as part of the effort to…
On Tax Day, U.S. Treasury Secretary Scott Bessent highlighted the “Working Families Tax Cuts,” saying tens of millions of Americans are keeping more of their income. For Bitcoin users, however, the current tax code continues to create financial and administrative hurdles that make everyday crypto spending difficult.
Nicholas Anthony, a research fellow at the Cato Institute, argues that existing capital gains regulations effectively encourage Bitcoin to be held rather than used as a currency. Under current IRS rules, each Bitcoin transaction—regardless of size—requires users to document the acquisition date, the transaction date, the original purchase price, and any resulting gain or loss. That information must then be reported on IRS Form 8949 and Schedule D of the standard Form 1040.
Anthony says the compliance workload can escalate quickly. He notes that a person using Bitcoin to buy something as routine as a daily cup of coffee could face more than 100 pages of tax filings by year-end, with Form 8949 alone potentially reaching roughly 70 pages.
He argues that capital gains tax structures reward long-term holding, which discourages Bitcoin from functioning as a practical medium of exchange and distorts market behavior rather than supporting everyday economic activity.
Anthony proposes legislative changes, including a full capital gains tax exemption for cryptocurrency. As an alternative, he points to a de minimis exemption for transactions under $200 under the Virtual Currency Tax Fairness Act.
He also suggests the exemption threshold should ideally scale up to $80,000, aligning it with average household spending patterns.
While policy reform has not yet caught up, the payments industry is taking steps to make crypto spending easier. Square has rolled out fee-free Bitcoin payments at merchant terminals. In addition, consumer-oriented self-hosted wallets from providers such as Bull Bitcoin, Zeus, and Trezor are making it more accessible to use cryptocurrency for purchases, even as tax reporting requirements remain a barrier.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
