US Lawmakers Weigh Bitcoin Tax Exemption as Institutional Flows and Liquidations Rise

The article says U.S. lawmakers may consider a de minimis tax exemption for small Bitcoin payments, which could reduce capital gains reporting friction and improve BTC’s usefulness as a payment method. Market-wise, the story is being reinforced by heavy institutional and derivatives activity: BlackRock-linked wallets reportedly sold 3,671 BTC and bought 10,566 ETH, while 24-hour crypto futures liquidations reached $603 million, mostly short positions. Bitcoin also moved back above $64,000, a psychologically important level that may encourage bullish follow-through if it holds. The piece also highlights elevated security risk from a macOS malware campaign targeting crypto wallet users, plus protocol and product developments such as Zcash upgrade changes and Circle’s new cirBTC token. Overall, the article frames BTC as supported by policy optimism and liquidity-driven price action, but still vulnerable to positioning swings and security concerns.