🌟 New US Bitcoin Bill: Tax-free trading policy is coming soon?
🇺🇸 Big news for all cryptocurrency fans! A local USABTC policy group in the United States has proposed a new proposal to establish a tax-free Bitcoin Digital Economic Zone (DEZ) in the United States. Simply put, in certain areas of the United States, Bitcoin trading and accumulation can be exempted from capital gains tax, and only when you exchange Bitcoin back to US dollars will you need to pay taxes.
🇺🇸 We know that the capital gains tax in the United States is quite high, with short-term arbitrage gains subject to a 30% tax and long-term investment gains subject to a 20% tax. If this proposal can be passed and implemented, it will undoubtedly be another major benefit to the crypto industry.
💡 At the same time, there is a view that the purpose of this plan is to make the United States a global leader in the digital economy while ensuring the global dominance of the US dollar. Imagine how much global funds would be attracted to the United States if Bitcoin transactions were tax-free!
🤔 But the question is, is this plan feasible? USABTC believes that it is neither realistic nor politically correct for the government to buy Bitcoin directly. So they proposed the DEZ plan to attract investors through tax exemptions, while levying taxes when Bitcoin is converted back to traditional currencies, which can both generate income and stimulate economic growth.
🔐 To ensure that this plan goes smoothly, USABTC also plans to work closely with regulators, including the Internal Revenue Service (IRS), to ensure that all transactions are safe, efficient, and legal.
📅 If all goes well, USABTC expects to implement this plan from 2025, and DEZ will be fully operational by 2026.
💡 Once such a policy is implemented, it may not only make the United States a hot spot for cryptocurrency trading, but also further consolidate its leadership in the global financial market.
🤔 Now, the question is: What impact do you think this tax exemption policy will have on the cryptocurrency market? Will the United States become a new center for global Bitcoin trading? Will this policy change your view on Bitcoin investment?
💬 Share your thoughts in the comments section and join other investors in discussing this potentially game-changing new proposal!
