Trump Proposes To Eliminate ALL Capital Gains Tax On Cryptocurrencies Issued In The USA

The post Tax-Free Crypto in U.S : Donald Trump’s Plan to Eliminate Tax for XRP, ADA, and More appeared first on Coinpedia Fintech News

Donald Trump is reportedly considering a groundbreaking plan to eliminate capital gains taxes on U.S.-issued cryptocurrencies, potentially making all profits on assets like Cardano ($ADA), Algorand ($ALGO), Ripple ($XRP), and Hedera ($HBAR) tax-free for American investors. According to sources close to his transition team, the proposal would require crypto-issuing companies to be U.S.-registered, but existing crypto businesses could relocate to the U.S. to benefit from the new tax exemption.

Trump’s game-changing move could position the U.S. to compete with the likes of Dubai and other crypto-friendly countries in becoming a top blockchain hub.

Donald Trump aims to cut capital gains taxes on U.S.-issued crypto, making assets like ADA and XRP tax-free and potentially reshaping the market.https://t.co/wpTocDQQvv