Following Donald Trump's statements about a national crypto reserve, Bitcoin experienced a 9% drop. The focus on XRP, Solana (SOL), and Cardano (ADA) has sparked debates about the future of crypto assets in the U.S. Ahead of the White House Crypto Summit, analysts see potential opportunities for certain altcoins.
Bitcoin Decline and a New Approach to Cryptocurrencies
Bitcoin has faced a significant drop amid recent statements by Donald Trump regarding plans for a national cryptocurrency reserve focused on XRP, Solana (SOL), and Cardano (ADA). This decision has stirred debates about the future of digital assets in the U.S.
Potential Capital Gains Tax Exemption
At the summit, organized by Donald Trump and entrepreneur David Sacks, discussions will focus on exempting U.S.-issued cryptocurrencies from capital gains tax. Eric Trump previously indicated that cryptocurrencies like XRP could be exempt, while foreign crypto projects might face a 30% tax.
Promising Altcoins Ahead of the Summit
Leading up to the summit, analysts from Capo Of Crypto highlight several altcoins that could benefit from potential new rules. These include NEAR Protocol, Render (RENDER), Constellation (DAG), and Ethena (ENA). Solana also receives attention due to its mention in the context of the national reserve.
The upcoming White House summit on March 7 could become a turning point for the U.S. crypto market. Potential tax incentives and focus on major crypto projects may reshape the digital asset landscape.
