According to Fox News, the House Budget chairman clarified that the Trump tax bill contains no 'pork' or unrelated spending, directly responding to criticism from Elon Musk (Fox News, June 6, 2025). This clarification is significant for crypto traders as tax policy changes can alter capital gains treatment and investor sentiment in digital assets. The chairman's statement may calm short-term volatility in the cryptocurrency market, as the absence of 'pork' suggests a focused approach to tax reform, reducing uncertainty for Bitcoin and altcoin investors.

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 Farside Investors, $GBTC, which launched in 2013, has a higher proportion of holders with large unrealized capital gains, making them more reluctant to sell compared to $ETHE, which launched in 2017. Additionally, $ETHE holders may be more inclined to stake their assets. The difference in fees between the two assets is also a factor to consider.