Eric Trump: Tax Changes for US Cryptocurrencies

user avatar

by Giorgi Kostiuk

2 years ago

Eric Trump announced the intention of Donald Trump’s administration to eliminate capital gains tax for US-based cryptocurrencies.

Tax Change Plans for Cryptocurrencies

Eric Trump announced plans to collaborate with his father to eliminate capital gains taxes for US-based cryptocurrencies. The move is aimed at making the US a global hub for the crypto industry.

Criticism of SEC and Current Regulations

Eric Trump criticized SEC Chair Gary Gensler for his stance towards the crypto industry, stating that the crypto community faced attacks. He also emphasized the importance of 'sane regulation' and the potential of new technologies in the banking sector.

The crypto community in America was under total attack.Eric Trump

Investments by World Liberty Financial

Despite plans for tax changes, World Liberty Financial, related to Trump’s crypto project, recently invested millions of USDC in Ethereum and Chainlink. According to Etherscan, the company acquired over 2,631 ETH and 41,335 LINK.

Trump administration's plans to eliminate taxes for US-based cryptocurrencies promise significant changes for the industry despite economic contradictions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.