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Coinbase Denies Hindering Bitcoin Microtransaction Tax-Free Policy

2026.03.13 09:01:01

March 13 — Coinbase executives denied allegations that the company obstructed a tax exemption policy for small Bitcoin transactions. Earlier, Bitcoin advocates had speculated on social media that Coinbase told lawmakers Bitcoin was not widely used as a medium of exchange, making it ineligible for tax exemption. Coinbase CEO Brian Armstrong called the allegations “completely false,” noting the firm has long lobbied for tax exemptions on small Bitcoin transactions and will continue to do so. The company’s chief legal officer and chief policy officer also reiterated they “never lobbied against Bitcoin.” Currently, U.S. lawmakers are considering tax exemptions for U.S. dollar-pegged stablecoins—but Bitcoin is not included in the tax-exempt scope of the draft “Cryptocurrency Market Structure Act” (aka the CLARITY Act).
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Nano Labs founder Kong Jianping has regained control of his X account after it was targeted in a phishing attack.

US-listed BNB crypto treasury firm Nano Labs and its chairman Kong Jianping announced that their X (formerly Twitter) account was targeted by a phishing attack and has since been successfully recovered. Kong Jianping explained that the attacker sent a phishing email to his public personal email, and his AI assistant incorrectly identified the fake link in the email as X’s official verification page. This led him to input the verification code X sent to his linked email into the phishing page, resulting in the account being compromised. During the breach, the account briefly posted multiple scam messages. Kong Jianping cautioned users against clicking unofficial links, urging vigilance even when AI deems a link trustworthy, and advised setting X’s linked email to an address not easily accessible publicly to reduce the risk of account theft.

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