The cryptocurrency community is in shock over the news that zero capital gains tax will be applied to US-based crypto projects. This development emerged following Donald Trump’s decision to prioritize cryptocurrency policies, which included signing regulations aimed at creating a national digital asset stock. However, experts suggest that cryptocurrencies and projects developed in the US may not benefit from this zero tax advantage.
Reasons Zero Capital Gains Tax May Be Unlikely
Dennis Porter, CEO and co-founder of Satoshi Action Fund, stated in a January 26 post that capital gains on cryptocurrencies are entirely dependent on the US Congress. He expressed skepticism about the likelihood of such a proposal appearing in tax legislation in the near future.
Porter noted that the biggest obstacle would be the significant loss of tax revenue for the government, making the approval of the proposal seem difficult at this time. He emphasized that the primary agenda of the Trump administration is tax cuts, and any policy threatening those cuts will likely remain sidelined.
Proposals from the Crypto Sector
Dennis Porter believes the crypto sector can take meaningful steps to reduce tax burdens. He proposed establishing a $200 de minimis exemption for Bitcoin 
$103,583 and other digital asset transactions.
“Americans should not have to report small transactions for tax purposes, such as coffee or grocery shopping. It’s time to simplify this burden in tax law,”
Porter indicated that bipartisan support exists in Congress for this idea, and it could become a reality with the right conditions. For it to succeed, it would need to be tied to inflation and balance innovation with fairness, requiring bipartisan backing.
“Capital gains taxes will not be zero. Work towards achievable goals,”
Eric Peterson, policy director at Satoshi Action Fund, stated that reducing released capital gains taxes to zero is impossible. Eric Trump, supporting zero capital gains tax for US-based crypto projects, also announced a 30% capital gains tax for projects outside the US, indicating that this sharp distinction aims to attract global crypto investments to the country.
