PANews reported on November 19th that, according to PYMNTS, Block, founded by Jack Dorsey, launched the "Bitcoin is Everyday Money" initiative, calling for US legislation to establish a tax-free threshold for Bitcoin payments under $600, simplifying the tax burden on everyday small transactions. Current tax law treats Bitcoin payments as asset sales, requiring capital gains tax reporting. Block also launched a merchant product on its Square platform that supports zero-fee Bitcoin payments, aiming to build a seamless, low-cost payment system.