Matthew Cole, CEO of Strive Asset Management, focused on eliminating Bitcoin’s capital gains tax provisions in the US, and Cole supported the idea that such a move would have a significant impact on the use of Bitcoin in everyday transactions.
CEO Striving to Abolish Bitcoin Capital Gains Tax
The comments came on the heels of a post by User They added that eliminating the capital gains tax would make people more inclined to use Bitcoin as money, rather than just a speculative asset.
Cole joined the conversation by saying, “I agree.” He then described Strive’s continuing activities in the American capital. He added that the company is “actively engaging DC regularly to achieve this.”
I agree.
Strive is regularly engaging DC to make this happen and is allocating funds to work on this initiative through the Bitcoin Policy Institute.
Although I think the timeline for achieving this is long, we will not give up until we win.
– Matt Cole (@ColeMacro) June 7, 2026
Strive’s CEO said they are also focusing company resources on the initiative through the Bitcoin Policy Institute.
Although Strive’s Cole supports the idea, he said it could take years to address. “Although I suspect the timeline for achieving this is long, we will not give up until we win,” he wrote.
Meanwhile, Efforts have escalated It went on a Bitcoin acquisition spree with a $185 million purchase last week.
Senate meeting on digital asset tax legislation
The conversation between Strive’s CEO and X users came as legislation in Washington prepares to address taxes on digital assets. On Tuesday, June 9, the U.S. House Ways and Means Committee will meet Hearing Regarding the tax treatment of Bitcoin and cryptocurrencies. For context, I recently posted seven discussion drafts ahead of the hearing.
the Draft digital asset tax proposal Covering multiple topics. These include stablecoins, staking rewards, mining income, and reporting transaction obligations.
Some of the proposals up for discussion include simplifying the process for cryptocurrency investors. Furthermore, it aims to implement more transparent guidelines for storage and mining. In addition, there are discussions about the possibility of extending the “de minimis” exemption to exclude small transactions from reporting.
To date, the tax systems have been criticized by industry groups. They believe the framework is complex and cumbersome to implement for day-to-day digital asset transactions, as it could trigger taxable events.
For further context, earlier this year members of Congress introduced the Digital Asset Parity Act. It has called for a $200 reporting threshold for stablecoin transactions, but not for bitcoin payments.
“The need for clarity on digital asset taxation is critical,” said Cody Carbone, CEO of the Digital Chamber.
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