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TaxBit and Voltage Launch Compliant Lightning Solution as SAB 121 Repeal Reshapes Bitcoin Adoption

March 24, 2025 - GlobeNewswire - Denver, CO - TaxBit, a leading provider of cryptocurrency tax compliance solutions, and Voltage, a pioneering blockchain company, today announced the launch of a compliant Lightning solution, marking a significant milestone in the evolution of Bitcoin adoption.

The launch comes on the heels of the repeal of SAB 121, a long-standing accounting standard that has hindered the widespread adoption of cryptocurrencies like Bitcoin. The repeal of SAB 121 paves the way for greater mainstream acceptance and integration of cryptocurrencies into traditional financial systems.

The new compliant Lightning solution, designed in collaboration with Voltage, addresses the long-standing challenge of ensuring the integrity and transparency of Bitcoin transactions while maintaining compliance with regulatory requirements. This breakthrough technology enables seamless and secure transactions, making it easier for individuals and businesses to adopt and use Bitcoin.

"We're thrilled to bring this innovative solution to market, empowering individuals and businesses to confidently adopt and utilize Bitcoin," said Michael Stoltz, CEO of TaxBit. "The repeal of SAB 121 is a significant step forward in recognizing the legitimacy of cryptocurrencies, and we're proud to be at the forefront of this evolution."

The compliant Lightning solution offers a range of benefits, including:

  • Enhanced security and transparency through the use of blockchain technology
  • Compliance with regulatory requirements, ensuring seamless integration with traditional financial systems
  • Simplified transaction processing, reducing the complexity and risk associated with cryptocurrency transactions
  • Greater accessibility and adoption, as individuals and businesses can now confidently utilize Bitcoin for a range of applications

"We're excited to partner with TaxBit to bring this groundbreaking solution to market," said David Hoffman, CEO of Voltage. "Our shared commitment to innovation and compliance has resulted in a game-changing technology that will reshape the landscape of Bitcoin adoption."

The launch of the compliant Lightning solution marks a significant milestone in the evolution of Bitcoin adoption, paving the way for greater mainstream acceptance and integration of cryptocurrencies into traditional financial systems. With TaxBit and Voltage at the forefront of this innovation, the future of cryptocurrency adoption looks brighter than ever.