Block has joined the x402 Foundation, an open standard for agentic payments, to help build the rails that will let people, businesses, and agents pay and get paid. We’ve also contributed Bitcoin Lightning payments, which is purpose-built for the instant, low-cost, high-volume payments that agentic commerce will depend on. More here: block.xyz/inside/block-joins…

Paying with #bitcoin truly tastes better @Square @BitcoinatBlock

A bitcoin tax cut that raises money for the Treasury. New research from @sekreps and Cornell's Tech Policy Institute scores the de minimis exemption in Sen. Lummis's S. 2207, which would exempt bitcoin purchases under $300 from capital gains tax. Critics warned the exemption would cost the Treasury billions. The brief finds it would instead raise an estimated $859 million over 10 years. The reason is simple: Only 32 to 56 percent of bitcoin owners report their gains today, so the government collects very little from small purchases now. Meanwhile, the tax and recordkeeping burden stops people from spending bitcoin at all. Remove it, and more transactions happen, generating taxable activity elsewhere in the economy. The result holds across nearly every scenario tested, and it still holds at a narrower $200 threshold. Full brief: cornell.app.box.com/s/viwh08…

Sell in dollars. Save in bitcoin. Convert up to 50% of daily card sales, automatically. 📍 @noun_irl, Los Angeles