Former US President Donald Trump has put forward an ambitious proposal to abolish capital gains taxes for cryptocurrencies issued by American companies. This was confirmed by his son Eric Trump, saying that the initiative is aimed at strengthening the position of the United States as a global leader in the cryptosphere.

The main details of the initiative:

- Abolition of capital gains tax: First of all, the plan will affect assets such as ADA, $ALGO , #XRP and #HBAR , which will make them more attractive to investors.

- Registration of crypto companies in the USA: The initiative requires companies to register in the country before issuing assets. Those who are already working may be asked to move.

- Global implications: Foreign cryptocurrencies may be at a disadvantage, especially if their income is taxed up to 37%.

What does this mean for the crypto market?

1. Incentive for the growth of "American" cryptocurrencies: Cryptocurrencies created in the United States will receive a serious advantage, which may lead to an increase in their prices and an increase in market share.

2. Attracting investments: The abolition of the tax will make cryptocurrency investments much more profitable for American citizens, which will create an influx of capital into the industry.

3. The position of the United States as a crypto hub: The plan aims to attract innovation and major players, which can strengthen the status of the United States as a global center of cryptocurrency technologies.

Criticism and challenges

Some experts point to a contradiction between this proposal and the decentralized nature of the blockchain. The nationalization of digital assets may cause criticism among supporters of a free and global crypto market. In addition, other countries may take similar measures to protect their interests.

Result

Trump's proposal could be a watershed moment for the industry. If the initiative is implemented, it will attract new investments and activate the market, but the global balance of power in the cryptosphere will inevitably change.


#Trump $BTC $ETH