BPI Brings Coinbase, River, and Block to Capitol Hill for Bitcoin Tax Reform

• Bitcoin Policy Institute convenes Coinbase, River, and Block on Capitol Hill to push for a federal de minimis tax exemption for small bitcoin transactions • Two weeks ago BPI's David Zell joined TFTC to discuss the political dynamics around getting the industry aligned behind Bitcoin's inclusion • Google Research unveils TurboQuant, a 6x AI memory compression algorithm being called "Google's DeepSeek moment." Micron underperforms SOX by 20% in five days • Circle freezes 16 USDC business wallets under a sealed civil court order, then stock drops 20% on proposed stablecoin yield ban in the Clarity Act • Federal Reserve posts $18.7 billion loss in 2025. JPMorgan closes tactical bearish call. Rabobank forecasts US inflation peaking at 3.3% in April, GDP cut to 1.8% • James Check publishes comprehensive market update: spot/ETF/on-chain healthy, derivatives pure chop • Bitcoin tax attorney Andrew Gordon breaks down IRS aggressive new audit tactics targeting Bitcoin holders • Supreme Court rules 9-0 that hosting piracy is not copyright infringement, undermining 14 years of DOJ overreach against Kim Dotcom • Catholic converts in the U.S. hit a 20-year high, on track to become the largest single religious group • BTC: $69,237 | 1,444 sats/$ | Block 942,312 • Links and sources: tftc.io/bitcoin-brief