Brian Armstrong, chief executive of Coinbase, wrote on X: "Who is building Y Combinator for politicians? We need a supply chain of techno-optimist candidates developing their skills to win bipartisan elections."
On December 11, Italian politicians said on Tuesday that they will cut the increase in cryptocurrency capital gains tax. According to the 2025 budget, which will be approved by parliament at the end of December, the Ministry of Finance intends to increase the capital gains tax on cryptocurrencies such as bitcoin from 26% to 42%. The coalition said that this move will risk boosting the shadow economy. Political sources said that the government may even decide to keep the 26% tax rate unchanged.
On June 27th, it was reported that only 41 US politicians are "strongly opposed" to cryptocurrencies, and 310 "strongly support" cryptocurrencies. Theoretically, a two-thirds majority of the Republican Party in the House and Senate would be enough to pass any legislation supporting cryptocurrencies.
Samson Mow, CEO of Jan3, expressed skepticism about the growing support for digital assets among politicians. One of Samson Mow's greatest concerns is the failure of many politicians to distinguish between bitcoin and other cryptocurrencies. He emphasized that bitcoin is decentralized, permissionless, and censorship-resistant, and unlike many other digital currency projects, they may have different characteristics and risks.