The United States is planning to introduce a zero capital gains tax policy for crypto projects, according to reports hinted by Eric Trump, son of US President Donald Trump. This policy is expected to benefit US-based crypto projects such as XRP and HBAR, making them more attractive to investors. However, non-US crypto projects will still be subject to a 30% capital gains tax. The goal of this contrasting tax policy is to encourage companies to establish operations within the US and level the playing field for US-based projects. The market cap of US-connected cryptocurrencies currently stands at $550 billion, with bullish trends being observed in most of the top ten cryptos in this category. If implemented, the tax policy could transform the crypto industry and establish the US as a hub for blockchain advancements.
Content Editor ( coinpedia.org )
- 2025-01-25
Eric Trump Drops a Bombshell: 0% Taxes for Made in US Crypto
