Opinion: Complete abolition of cryptocurrency capital gains taxes requires congressional approval and is unlikely to happen anytime soon

On January 26, Satoshi ActionFund co-founder Dennis Porter wrote in X that the complete elimination of capital gains taxes on cryptocurrencies requires congressional approval and is unlikely to be achieved in the short term. Dennis Porter believes that the main obstacle is the significant loss of tax revenue, which makes it difficult for such a proposal to be included in the upcoming tax bill.