Trump Proposes Tax Exemption for Cryptocurrencies, Boosting Innovation in the US
- Tax break boosts crypto in the US.
- External projects face a 30% tax rate.
- Tax differential may alter global competitiveness.
The new tax policy that is being considered in the United States could bring a full exemption from capital gains taxes for cryptocurrency projects operating within the country, as indicated by Eric Trump, son of President Donald Trump. This proposal aims to position the country as a global hub for cryptocurrency innovation, thus attracting more investment and technological development.
The intention is that this tax advantage will only benefit American projects. According to the information released, cryptocurrencies known as XRP and HBAR would be among those benefiting, which has increased enthusiasm in the sector. The measure is seen as an effort to make the United States an even more desirable location for the founding and growth of new cryptocurrency companies.
However, the planned policy states that cryptocurrencies from projects outside the United States will not be eligible for this tax break, with the capital gains tax rate remaining at 30%. This tax disparity could intensify discussions about how such a policy could affect competition in the global cryptocurrency market.
While this tax approach could give US projects a significant advantage, it also encourages the migration of cryptocurrency operations to the US. The cryptocurrency market in the United States already represents a total market value of around US$550 billion, with a daily trading volume reaching US$37,47 billion.
The tax proposal, if implemented, could create a highly favorable scenario for cryptocurrency projects in the US, influencing the global dynamics of the sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shibarium Devs Connect with Core Team via New Channel

Bitcoin Clings to $74K: Analyzing BTC’s Ability to Ward Off Further Decline
Stability at $74K: How 50,000 BTC Holders are Supporting Bitcoin's Resistance Against Further Dips

Donald Trump’s Memecoin to Face $320 Million Token Unlock as Price Dips

33% of French looking to buy crypto in 2025 but Italians are even more bullish
Share link:In this post: A third of French people intend to purchase cryptocurrencies this year. New study shows Italians as most bullish among surveyed nations in Europe. The crypto sector’s growing legitimacy helps attract more investors, researchers say.
Trending news
MoreCrypto prices
More








