Coinbase CEO and Policy Chief Deny Claim They Lobbied Against Bitcoin De Minimis Tax Break

Lawmakers are weighing whether small‑payment tax relief applies to Bitcoin or only to stablecoins.

Overview

Coinbase CPO Faryar Shirzad and CEO Brian Armstrong publicly rejected the allegation, calling it false and saying the company has not lobbied against Bitcoin.
Marty Bent alleged Coinbase told lawmakers a Bitcoin de minimis exemption is unnecessary and is advocating for stablecoin‑only treatment.
Jack Dorsey pressed Brian Armstrong to state clearly whether Coinbase supports extending de minimis relief to Bitcoin payments.
Bitcoin Policy Institute’s Conner Brown reported a recent shift on Capitol Hill toward restricting any de minimis relief to stablecoins.
Sen. Cynthia Lummis backs a proposal to exempt small Bitcoin transactions up to $300 each with a $5,000 annual cap from capital‑gains taxes and reporting.