"Block, Inc. launched "Bitcoin is Everyday Money," a campaign advocating for a de minimis tax exemption that would modernize how bitcoin is treated under U.S. tax law. Nearly 50 million Americans currently own bitcoin. Starting November 10, 2025, millions of Square sellers in the U.S. became eligible to accept bitcoin at the point of sale. Today, under current tax rules, bitcoin is classified as property, meaning every purchase - from a cup of coffee to a group dinner - could trigger a taxable event."