Opinion: Completely abolishing cryptocurrency capital gains tax requires congressional approval, which is unlikely to happen in the short term
on January 26th, Dennis Porter, co-founder of Satoshi Action Fund, wrote on X that completely eliminating capital gains tax on cryptocurrencies would require congressional approval and is unlikely to be achieved in the short term. Porter believes that the main obstacle is the significant loss of tax revenue, making it difficult to incorporate such proposals into the upcoming tax bill.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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