[Jack Dorsey and Lummis Advocate for Tax Exemption on Small Bitcoin Transactions, Block Expands BTC Payment Services] According to a report by Golden Finance, Block founder Jack Dorsey has called for a "small transaction tax exemption" policy for everyday Bitcoin transactions. U.S. Senator Cynthia Lummis responded by stating that the initiative is "in progress" and urged the public to contact their representatives in support. The proposal had previously failed to pass in a July bill under Trump. Dorsey also announced that Block will launch Bitcoin payment and crypto wallet services targeted at small and medium-sized businesses. Industry experts believe that tax exemptions could reduce reporting burdens, but supporting regulations and exchange mechanisms are still needed to drive adoption.