Viewpoint: The complete elimination of capital gains tax on cryptocurrencies requires congressional approval, which is unlikely to be achieved in the short term

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter posted on X, stating that completely eliminating capital gains tax 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 such a proposal difficult to include in the upcoming tax legislation.