What’s Stopping Wider Crypto Adoption? It Could Be Tax Policies, Says One Expert
As the U.S. Congress heads toward what many predict will be its most crypto-friendly session yet, Tanya Solati, vice president of business development at Propy, saw this as an opportunity for meaningful regulatory progress.
Solati, who will be speaking at the upcoming Benzinga Future of Digital Assets event on Nov. 19, shared her perspective on what’s needed to advance the digital asset space, particularly regarding tax reforms and tokenization.
Simplifying Tax Rules to Encourage Use
Solati pointed to the current tax laws as a significant barrier to broader adoption. Under existing rules, every crypto-to-fiat transaction results in a capital gains tax, making daily use impractical.
“A major game changer could be reworking tax laws, especially for small transactions,” Solati explained, emphasizing that removing such penalties could enable a more seamless user experience.
This reform would make digital currencies more suitable for everyday transactions, which she believes could drive wider engagement. Removing tax penalties on smaller exchanges would make digital currencies more practical, allowing users to trade, purchase …
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