According to sources, Donald Trump is considering eliminating capital gains taxes on U.S.-issued cryptocurrencies, potentially making profits on assets like Cardano and Ripple tax-free for American investors.
Trump's Plan to Abolish Crypto Taxes
Trump's proposal involves eliminating taxes for cryptocurrencies issued by companies registered in the U.S. This could attract existing crypto businesses to relocate to the U.S. to benefit from tax exemptions.
Cryptos as Everyday Payment Methods
Trump emphasizes the unfairness of taxing crypto transactions for everyday purchases, arguing that Americans should not be penalized for using a digital currency in daily life.
Competition with Other Countries
The UK is preparing its crypto regulatory framework to remain competitive, while the U.S. aims to become the world’s crypto hub.
This initiative could position the U.S. as a global crypto hub, attracting international capital and encouraging the development of blockchain technology.
