According to Mars Finance, The Block reported that the Washington think tank Cato Institute published a critique of the current U.S. Bitcoin tax policy. Researcher Nick Anthony pointed out that the current tax framework, which views Bitcoin as 'property' rather than 'currency,' requires users to calculate capital gains or losses for each transaction separately, even for small everyday purchases, making tax reporting extremely cumbersome and effectively hindering the adoption of Bitcoin as a payment tool. In response, the Cato Institute proposed several reform suggestions, including completely eliminating capital gains tax on cryptocurrency payments and introducing a tax exemption threshold for small transactions. The report also mentioned the existing (Virtual Currency Tax Fairness Act) — which aims to exempt cryptocurrency transactions under $200, but Anthony believes this threshold is too low to cover the actual spending levels of consumers. Currently, the Trump administration has expressed support for establishing small tax exemptions for cryptocurrency transactions and will continue to evaluate related legislative options.