PANews reported on January 26 that Dennis Porter, co-founder and CEO of Satoshi Action Fund (SAF), wrote on the X platform that the complete abolition of cryptocurrency capital gains tax requires congressional legislation, but it is difficult to achieve in the short term. The main obstacle is the impact of tax losses on the fiscal budget. At present, the US government’s top priority is to continue the tax cuts during the Trump era, and any proposals that threaten this policy may be shelved.

Porter suggested that the Bitcoin and digital asset industry should focus on promoting a $200 tax-free policy for small transactions , consistent with the existing $200 tax-free standard for foreign exchange transactions. This move will significantly reduce the tax reporting burden for small daily transactions (such as coffee, dining or groceries) while having a smaller impact on tax revenue. He emphasized that this policy has bipartisan support and is a viable solution that balances innovation and fairness.

He also suggested that the tax exemption amount be linked to inflation to ensure the long-term effectiveness of the policy, and called on the crypto industry and tax policy experts to provide advice to jointly promote this legislative proposal.