According to Mihir (@RhythmicAnalyst), cryptocurrencies impose a significant accounting and tax management burden, particularly in tracking capital gains and losses for every transaction. This complexity could hinder the U.S.'s ambition to become a leading crypto hub, suggesting a need for capital gains tax reform to facilitate this goal.

According to AltcoinGordon, a method suggested for managing capital gains tax involves engaging in trading activities on platforms like Pump Fun and strategically reporting losses. This approach implies taking advantage of tax rules by claiming losses on 'daily runner' bids, which could offset capital gains, although it is critical to ensure compliance with legal tax regulations.