Bitcoin Capital gains could actually happen

Bitcoin capital gains tax getting axed, and honestly, it's not as crazy as it sounds anymore. Recent claims made by Bitcoin Magazine CEO David Bailey suggest the bill may include provisions to exempt Bitcoin transactions under $600 from capital gains as part of Trump's "One Big Beautiful Bill" that's working through Congress right now. we've already seen some major moves this year. Trump signed a bill to nullify the expanded IRS crypto broker rule back in April, and the Senate just passed the GENIUS stablecoin bill with a 68-30 vote a couple weeks ago. The crypto lobby threw around $250 million in the 2024 election cycle, and it shows. We've got the most pro-crypto Congress in history right now. even if we don't get full capital gains elimination, we're seeing real momentum. Some states are already moving on this. Missouri is looking at a 100% income tax deduction on capital gains from crypto.

The bigger picture though;; The question isn't if crypto gets better tax treatment it's when and how much.

Bailey's been pretty vocal about Bitcoin hitting $1M during Trump's presidency. Removing capital gains would definitely help that narrative, but remember - this guy also just raised $300 million for a Bitcoin investment company. He's got skin in the game. What do you think actually happens here , Are we seeing the start of crypto becoming mainstream tax policy, The timing feels different this time though. When you've got serious legislative wins already in the books and crypto advisors in the White House, maybe the impossible becomes inevitable..