Coinbase is reportedly lobbying U.S. lawmakers to oppose a small-transaction tax exemption for Bitcoin, advocating instead for such exemptions to be limited to stablecoins. This allegation, reported by ChainCatcher via BitcoinNews, suggests that Coinbase informed legislators that Bitcoin is not used as money and that a tax exemption for it would be a "doomed subsidy." The crypto community has expressed concern over these claims, viewing them as potentially indicative of special interest influence over recent crypto legislation, such as the GENIUS Act. The Bitcoin Policy Institute, a Bitcoin advocacy group, continues to engage with lawmakers, arguing that excluding Bitcoin from tax exemptions would be a strategic error for U.S. policy.