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TechFlow news: On January 26, Eric Peterson stated on X that since tax policy is set by Congress rather than the President, the capital gains tax on cryptocurrency cannot be reduced to 0%. He suggested the industry should focus on more realistic goals, such as advocating for a de minimis exemption similar to foreign exchange transactions, to reduce tax burdens and gain broader industry support.
Eric Peterson stated on X that since tax policy is determined by Congress rather than the President, it's impossible for capital gains taxes on cryptocurrency to be reduced to 0%. He suggested the industry should focus on more realistic goals, such as advocating for a de minimis exemption similar to that for foreign exchange transactions, to reduce tax burdens and gain broader industry support.
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