Matthew Cole, CEO of Strive Asset Management, has spoken out in favour of removing capital gains taxes on Bitcoin transactions. He believes this change could help Bitcoin become more widely used as a payment method.
Cole shared his views during a discussion on X, where users talked about whether ending capital gains taxes would make people use Bitcoin for daily purchases instead of just as an investment.
He agreed with the idea and said that Strive is working with policymakers in Washington, D.C. He also mentioned that the company is teaming up with the Bitcoin Policy Institute as part of its advocacy work.
Cole supports the proposal but admitted that real changes in the law could take years. Still, he said the company plans to stay committed to the effort.
This conversation is happening as lawmakers get ready to take a closer look at digital asset taxes. The House Ways and Means Committee plans to review proposals about cryptocurrency taxes, including rules for stablecoins, staking rewards, mining income, and reporting.
Many people in the industry say current tax rules make it hard to use crypto for everyday payments, since even small transactions can create tax issues.
Those who support changing the rules think a simpler system would make it easier to follow the law and help more people use digital assets. The upcoming talks in Congress could show how U.S. leaders plan to handle crypto taxes in the future.
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
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