BlockBeats News, April 16th, according to Cointelegraph report, the Cato Institute, a US think tank, released a report stating that the US government should abolish capital gains tax on Bitcoin and other cryptocurrencies to make it easier for cryptocurrency to be used as a daily currency and to promote fair competition between different currencies.

The current US tax law treats Bitcoin as a capital asset, so when users use Bitcoin to pay for goods or services, it triggers a taxable event, requiring the calculation and reporting of capital gains. This means that even small daily expenditures could result in hundreds of pages of tax documents, greatly increasing compliance burdens. Cato hopes to eliminate the current US tax policy obstacles to the use of cryptocurrency as a currency. Cato researcher Anthony emphasized: "Congress should simplify the tax law so that ordinary Americans can easily fulfill their obligations, which will greatly alleviate the pressure of tax season and create a more competitive economic environment."

According to a survey in 2025, 39% of US cryptocurrency holders have used cryptocurrency to purchase goods and services, and currently, there are about 11,000 merchants worldwide accepting Bitcoin payments.