Svmuu News: According to market reports, the cryptocurrency exchange Coinbase has been accused of potentially lobbying U.S. lawmakers behind the scenes to oppose a tax exemption for small transactions on Bitcoin, and of suggesting that the exemption be limited to stablecoins.Previously, Marty Bent, a policy advocate at Bitcoin, disclosed in a social media post that Coinbase had told lawmakers that “no one uses Bitcoin as currency” and argued that establishing a small-scale tax exemption for Bitcoin would be a “doomed-to-fail subsidy.”The crypto community believes that if this is true, it would be “extremely concerning.” This aligns with broader concerns regarding recent crypto legislation (such as the GENIUS Act), namely that certain policies may be influenced by special interest groups and regulatory capture rather than genuinely driving innovation. Over the past three months, there has been a noticeable shift in policy discussions on Capitol Hill,with some proposals favoring tax exemptions for small transactions exclusively for stablecoins, while excluding Bitcoin.Additionally, the Bitcoin Policy Institute, an advocacy group behind the "Bitcoin" initiative, stated that it is still in ongoing communication with lawmakers. Limiting the small-scale tax exemption to stablecoins would be a strategic mistake in U.S. policy, as the organization has long advocated for exempting small-scale Bitcoin transactions from capital gains tax.