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

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

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.