BIG Shifts in U.S. Bitcoin Policy: IRS Rollbacks and Strategic Reserve Plan

In this episode, Demian Schott welcomes Yaël Ossowski of the Consumer Choice Center and Bitcoin Policy Institute to break down major shifts in U.S. Bitcoin policy. Yaël explains how Congress’s repeal of the IRS’s DeFi broker rule is a win for privacy and innovation, and why a de minimis tax exemption is key to using Bitcoin as real money. He outlines budget-neutral strategies to grow the Strategic Bitcoin Reserve and highlights the need for stablecoin legislation, money transmission reform, and the Keep Your Coins Act. With real momentum in Congress and agencies, Yaël shares why he’s optimistic that lasting reforms are finally underway to protect self-custody and unleash Bitcoin as a parallel monetary system.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc

Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

Researcher Demian Schatt's Twitter: https://x.com/demianschatt

Chapters:

00:00:00 Understanding the IRS DeFi Broker Rule and Its Repeal

00:04:20 The Importance of Seed Phrase Security  

00:08:35 Tax Policy and Bitcoin Adoption

00:12:39 Cryptocurrency Lobbying in DC  

00:16:50 Strategic Bitcoin Reserve and Policy Focus

00:21:00 Bitcoin Adoption by Major Companies  

00:25:11 Precautionary Principle in Innovation

00:29:27 Understanding Bitcoin's Decentralized Network  

00:33:44 Navigating Bitcoin's Legal Challenges

00:37:51 Farewell and Future Bitcoin Insights

The Bitcoin Layer and its guests do not provide investment advice.