Bitcoin faces hurdles as a payment method due to tax policy, not technology. The lack of a de minimis tax exemption for small Bitcoin transactions limits its use as a medium of exchange. US lawmakers are considering exemptions for stablecoins, sparking backlash. Senator Lummis proposes a $300 tax exemption for digital asset transactions. Jack Dorsey advocates for tax exemption on small BTC transactions to make it everyday money.

Read more at Cointelegraph: Current Tax Policies Are the Biggest Obstacle to BTC Payments: Crypto Exec