If a U.S. regulator or legislator really wanted to support #Bitcoin, they’d remove capital gains tax from transactions.

You’ll promote self-custody and the economy by more use as a medium of exchange, and you can keep cap. gains on the ETFs so Wall Street can pay 😉

No one has come close to proposing this. Removing cap gains under $200 isn’t good enough.

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Doing that for transactions becomes a de facto repeal of legal tender laws, and a tacit admission that it's just as good as the USD. That would be wild.