Bitcoin Investment Capital Gains Tax Comes Under Spotlight as Strive Unveils Elimination Roadmap

Strive CEO Supports Eliminating Bitcoin Capital Gains Tax in the US

Matthew Cole, CEO of Strive Asset Management, has voiced support for eliminating Bitcoin capital gains tax in the United States. According to him, such a policy could significantly boost Bitcoin’s use in everyday transactions.

His comments came after an X user stated that removing Bitcoin capital gains tax is the most important step to drive Bitcoin adoption. The user argued that without capital gains taxes, people would be more likely to use Bitcoin as a form of money rather than simply holding it as a speculative investment.

Cole responded by saying he agrees with the idea. He also revealed that Strive is actively engaging with policymakers in Washington, D.C., to help advance the initiative.

In addition, Cole noted that Strive is dedicating company resources to the effort through the Bitcoin Policy Institute.

While supporting the proposal, he acknowledged that achieving the policy change could take years.

“I suspect the timeline to make this happen is long, but we will not give up until we win,” Cole wrote.

Meanwhile, Strive continues to expand its Bitcoin holdings. Last week, the firm purchased approximately $185 million worth of Bitcoin.

US Lawmakers Discuss Digital Asset Tax Rules

The discussion comes as lawmakers in Washington move forward with efforts to update digital asset tax regulations. On June 9, the US House Ways and Means Committee is scheduled to hold a hearing on the tax treatment of Bitcoin and other cryptocurrencies.

Ahead of the hearing, the committee released seven discussion drafts covering various aspects of digital asset taxation.

The proposals address topics including stablecoins, staking rewards, mining income, and transaction reporting requirements.

Several measures aim to simplify compliance for crypto investors while providing clearer guidance on staking and mining activities.

Lawmakers are also considering a potential de minimis exemption, which would allow smaller crypto transactions to be excluded from tax reporting requirements.

Industry groups have long criticized existing tax rules as overly complex and difficult to apply to everyday digital asset transactions, as even small transactions can trigger taxable events.

Earlier this year, members of Congress introduced the Digital Asset PARITY Act, which proposed a $200 reporting threshold for stablecoin transactions. However, the proposal does not currently include Bitcoin payments.

“The need for digital asset tax clarity is critical,” said Digital Chamber CEO Cody Carbone.