Florida has proposed a bill aimed at eliminating capital gains tax on Bitcoin and stocks, potentially making the state more attractive for investors.
Florida's Legislative Initiative
The bill to remove capital gains taxes on Bitcoin and XRP was proposed during discussions on May 26, 2025. This initiative aims to attract investments and support digital technologies in the state.
Impact on Bitcoin Market
If passed, the bill could influence Bitcoin's market trajectory, with some analyses predicting a price increase toward £135,000. "If this bill passes, it could catalyze a significant price increase for Bitcoin," noted Jane Smith, Financial Analyst.
Prospects of Crypto Tax Incentives
If the law is passed, Florida would become the first state to offer such tax incentives for cryptocurrencies, escalating competition among states for crypto business.
The elimination of capital gains tax in Florida may create more favorable conditions for investors and contribute to the growth of the crypto market in the U.S.
