đ¨BREAKING: President Trump wants to eliminate all capital gains taxes on Cryptocurrencies issued by U.S. companies
This would ultimately make all profits Americans make on holding crypto assets such as ADA ALGO $XRP and HBAR fully tax free, as their creators are U.S. companies.
The source claims that the legislation requires the companies to have been registered as entities in the country before having issued the crypto assets, yet there will be a path to relocate businesses with existing crypto assets on the market to the United States.
This strategy is part of the broader goal of the Trump administration to make America the crypto capital of the world.
Source: Member of Trump Transition Team
â Effectively, this would make âmade in Americaâ cryptocurrencies the most logical investment for US citizens as theyâd not have to spend up to 37% taxes on their gains. It could totally reshape the crypto market.
