President Donald Trump’s proposal to exempt US cryptocurrencies such as Bitcoin (BTC), Cardano (ADA), Algorand (ALGO), Ripple (XRP), Stellar (XLM), and Hedera (HBAR) could be exempt from capital gains taxes, according to the proposal. The exemption would depend on whether the issuing companies were registered in the US before launching their tokens. The initiative is in line with Trump’s broader vision of establishing the US as a leading global crypto hub amid discussions about a national bitcoin reserve, according to a CNF report.
