The Bitcoin Advocacy Organization has written to the U.S. Congress Tax Committee urging the extension of the de minimis tax exemption policy from stablecoins to Bitcoin and major public chain tokens. The alliance warns that solely providing tax relief for stablecoins that meet the GENIUS Act will not solve the compliance complexities of crypto payments. The letter suggests: granting tax treatment similar to cash for compliant payment stablecoins, and providing tax exemption eligibility for network tokens with a market cap of at least $25 billion, while setting a per-transaction limit of $600 and an annual limit of $20,000. (Decrypt)