Recently, there has been a policy development worth paying attention to. The Bitcoin Policy Institute, in collaboration with several advocacy organizations, submitted a proposal to the U.S. Congress tax authorities. The core demand is: don’t just give the green light to stablecoins; Bitcoin and other major network tokens should enjoy the same treatment.

What are the specific measures? Their plan is as follows—stablecoins that meet the GENIUS standard should be treated like cash, while for network tokens, a market cap threshold of $25 billion is set as an entry criterion. This ensures that only truly leading projects qualify for exemptions. Transaction limits are also designed: no single transaction exceeding $600, and an annual total not exceeding $20,000.

Honestly, this logic has some nuances at the policy level—using market cap screening can prevent speculative tokens from muddying the waters, and transaction limits strike a balance between tax management and user convenience. For the entire market, if such exemption scopes can truly be expanded, it should significantly improve liquidity and adoption for Bitcoin and mainstream tokens.