Viewpoint: The capital gains tax on cryptocurrencies cannot be reduced to 0%; the industry should focus on more realistic goals

ChainCatcher news, Eric Peterson posted on the X platform, stating that the capital gains tax on cryptocurrencies cannot be reduced to 0% because tax policy is set by Congress, not the President. He suggested that the industry should focus on more realistic goals, such as advocating for a de minimis exemption policy for small transactions similar to foreign exchange trading, to reduce the tax burden and achieve broader industry support.

Previously, Dennis Porter called for the promotion of a $200 tax exemption policy for small cryptocurrency transactions.