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.
You may also like
Two Surprise Altcoins Invested in by Donald Trump's Cryptocurrency Project Respond to Allegations! Is There a Secret Agreement Between Them?
Altcoins TRON and MOVE denied claims that they had entered into a token swap agreement to be included in the WLFI project.
Trump Signs, Sparks Bitcoin (BTC) Debate! The Expected Signal Came From Lummis!
Donald Trump has signed an executive order creating a new sovereign wealth fund. US Senator Cynthia Lummis hinted that the US wealth fund could be used to purchase BTC.
Vitalik Buterin Gives Date for Next Ethereum Rise! – Analyst Reveals Level That Must Be Passed for ETH to Rise!
Ethereum (ETH) co-founder Vitalik Buterin made statements regarding the upcoming Pectra upgrade.
Gold price near all-time high amid increased bitcoin and equity volatility
Gold is trading above $2,820, nearing Monday’s all-time high, while volatility in bitcoin and U.S. equities continues to rise.Analysts underscore gold’s status as a safe-haven asset during market uncertainty — noting that, although bitcoin is often dubbed “digital gold,” its greater volatility and shorter track record make it a less stable alternative.
Trending news
MoreCrypto prices
More
