US Bitcoin (CRYPTO:BTC) tax policy is drawing renewed criticism as advocates argue it is falling behind more competitive international frameworks.
The debate has intensified as regulators continue to focus on supervising thousands of crypto tokens rather than revising core tax rules.
Industry figures say this approach risks slowing Bitcoin adoption in the world’s largest economy.
Bitcoin advocate Pierre Rochard said the current system undermines long-term saving and everyday use.
Bitcoin tax policy in the US is lagging Germany and many other countries. We don’t need more tokens and stablecoins, we need tax reform.
Pierre Rochard said.
Rochard argued that the US tax code penalises behaviour that policymakers often claim to support.
In the United States, Bitcoin is classified as property for tax purposes.
This classification means each sale or transaction is treated as a taxable event.
Capital gains tax applies whether Bitcoin is sold for profit or used for routine purchases.
Even small payments, such as buying food or services, can create tax reporting obligations.