Matthew Cole, CEO of Strive Asset Management, weighed on abolishing Bitcoin capital gains tax provisions in the U.S. Cole supported that idea that such a move would have a major impact on the usage of Bitcoin in everyday transactions.
Strive CEO On Eliminating Bitcoin Capital Gains Tax
The comments followed an X user’s post which reads “Removing Capital Gains Tax from Bitcoin is the single most important thing we can do for Bitcoin adoption.” They added that removing capital gains tax would make people more inclined to use Bitcoin as money, not merely a speculative asset.
Cole joined the conversation by saying “I agree.” He then described Strive’s continued activities in the US capital. He added that the company is “actively engaging DC regularly to make this happen.”
I agree.
Strive is actively engaging DC regularly to make this happen and putting money to work on this initiative through the Bitcoin Policy Institute.
Although I suspect the timeline to make this happen is long, we will not give up until we win.
— Matt Cole (@ColeMacro) June 7, 2026
The Strive CEO said that they’re also focusing the company’s resources on the initiative through the Bitcoin Policy Institute.
Though Strive’s Cole endorsed the idea, but said it could take years to process. “Although I suspect the timeline to make this happen is long, we will not give up until we win,” he wrote.
Meanwhile, Strive has ramped up its Bitcoin acquisition spree with a $185 million purchase last week.
Senate Meeting On Digital Asset Tax Legislation
The conversation between Strive CEO and X users came up as legislation in Washington gears up to tackle digital asset taxation. On Tuesday, June 9, the US House Ways and Means Committee will hold a hearing regarding Bitcoin and crypto tax treatment. For context, it recently published seven discussion drafts in advance of the hearing.
The digital asset tax proposal drafts cover multiple topics. These include stablecoins, staking rewards, mining income, and reporting of transaction obligations.
Some of the proposals up for discussion involve streamlining the process for crypto investors. Moreover they aim at implementing more transparent guidelines for staking and mining. In addition, there are discussions on possibly extending a “de minimis” exemption to exclude smaller transactions from reporting.
To date, tax regimes have been criticized by industry groups. They believe that the framework is complex and cumbersome to implement for everyday digital asset transactions, as they can result in taxable events.
For further context, members of Congress earlier this year introduced the Digital Asset PARITY Act. It called for a $200 reporting threshold for stablecoin transactions, but not for Bitcoin payments.
“The need for digital asset tax clarity is critical,” Digital Chamber Chief Executive Officer Cody Carbone said.
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