Lawrence Zlatkin told the House Ways and Means Committee that stablecoin payments should not face capital gains tax and that low-value Bitcoin and other crypto transactions need a de minimis exemption.
Coinbase vice president of tax Lawrence Zlatkin has urged U.S. lawmakers to reduce tax friction on everyday crypto spending by removing capital gains tax requirements on stablecoin payments and creating a de minimis exemption for small Bitcoin and other digital-asset transactions. In testimony before the House Ways and Means Committee, he said current rules make routine purchases impractical because even minor transactions can trigger taxable events and reporting burdens. He argued, “Americans should not need to hire an accountant just to buy a pair of jeans with BTC.”