Strive backs ending U.S. capital gains taxes on Bitcoin transactions

House Ways and Means Committee Democrats remain skeptical of bipartisan crypto tax bills, raising doubts about de minimis relief, staking and mining treatment, and the broader push for regulatory clarity.

BTC

49d ago

Fact Check

The official House Committee Repository page for the June 9, 2026 Ways and Means hearing confirms Coin Center's Director of Policy Jason Somensatto testified and that mining/staking bills (H.R. 9175 Tax Clarity for Mining and Staking Act) were on the docket. Crypto.news independently reports Strive CEO Matt Cole publicly backed ending capital gains taxes on Bitcoin to promote everyday payment use, and crypto.news/Cryptobriefing both confirm lawmakers questioned mining and staking treatment at the hearing. All three claim components are corroborated by primary and credible secondary sources.

Summary

Strive Asset Management backed ending U.S. capital gains taxes on Bitcoin transactions as the House Ways and Means Committee reviewed seven bipartisan digital-asset tax bills, but Democrats’ skepticism underscored the political obstacles facing the package. Lawmakers and industry witnesses debated de minimis exemptions for small crypto payments, the tax treatment of mining and staking rewards, and whether stablecoins tied to the U.S. dollar should be treated like cash for reporting purposes. The discussion highlighted how unresolved tax questions are weighing on regulatory clarity, industry growth and investor confidence, while limited Senate momentum suggests any final action could slip beyond the current congressional session.

Terms & Concepts

de minimis exemption: A tax rule that excludes very small transactions from reporting or taxation.
staking: A process in which crypto holders commit tokens to a network and earn rewards.
mining and staking rewards: Crypto earned from helping secure or operate a blockchain network, which tax proposals may treat differently.