Strive CEO Outlines Roadmap To Abolish Bitcoin Capital Gains Tax

Strive CEO Shares Roadmap To Abolish Bitcoin Capital Gains Tax. Strive CEO Matthew Cole supports the narrative of eradicating Bitcoin capital gains tax and is also engaging with Washington lawmakers on this issue. However, he believes it could take a considerable amount of time before the efforts materialize — a refreshing change of pace from crypto timelines that promise the moon by Tuesday.

Matthew Cole, CEO of Strive Asset Management, weighed in on abolishing Bitcoin capital gains tax provisions in the U.S. Cole endorsed the idea that such a move would have a major impact on the usage of Bitcoin in everyday transactions, presumably so people can finally buy coffee with BTC without weeping over their unrealized gains.

The comments followed an X user's post which read, "Removing Capital Gains Tax from Bitcoin is the single most important thing we can do for Bitcoin adoption." They added that removing capital gains tax would make people more inclined to use Bitcoin as money rather than merely a speculative asset — a bold theory, given that some holders would still refuse to spend it even at gunpoint. Cole joined the conversation by saying, "I agree."

He then described Strive's continued activities in the U.S. capital, adding that the company is "actively engaging DC regularly to make this happen" and putting money to work on the initiative through the Bitcoin Policy Institute. "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," Cole wrote on June 7, 2026.

The Strive CEO noted that the timeline could stretch into years. "Although I suspect the timeline to make this happen is long, we will not give up until we win," he wrote. Meanwhile, Strive has ramped up its Bitcoin acquisition spree with a $185 million purchase last week — because nothing says "abolish the capital gains tax" like having plenty of capital gains to abolish.

The conversation between the Strive CEO and X users surfaced as legislation in Washington gears up to tackle digital asset taxation. On Tuesday, June 9, the U.S. House Ways and Means Committee will hold a hearing regarding Bitcoin and crypto tax treatment, having recently published seven discussion drafts in advance. The digital asset tax proposal drafts cover multiple topics including stablecoins, staking rewards, mining income, and reporting of transaction obligations. Some proposals aim to streamline the process for crypto investors, implement more transparent guidelines for staking and mining, and discuss possibly extending a "de minimis" exemption to exclude smaller transactions from reporting — which, ironically, is the kind of small print most crypto traders will still manage to overlook.