According to a report by Deep Tide TechFlow, on January 26, Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter pointed out that completely abolishing the capital gains tax on cryptocurrencies requires congressional approval, which is difficult to achieve in the short term.

Porter suggests that the industry focus on advocating for a minimum exemption amount of $200, consistent with the current foreign currency transaction exemption limit. This proposal needs to be tied to inflation and has received bipartisan support in Congress, likely not affecting the implementation of existing tax reduction policies.