{"id":144784,"date":"2024-12-15T08:00:01","date_gmt":"2024-12-15T06:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144784"},"modified":"2024-12-14T13:56:29","modified_gmt":"2024-12-14T11:56:29","slug":"donald-trumps-son-confirms-plan-to-eliminate-crypto-capital-gains-tax","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/donald-trumps-son-confirms-plan-to-eliminate-crypto-capital-gains-tax\/","title":{"rendered":"Donald Trump\u2019s Son Confirms Plan to Eliminate Crypto Capital Gains Tax"},"content":{"rendered":"
The proposal, confirmed<\/a> <\/strong>by his son Eric Trump, aims to make crypto tax-free for U.S. citizens holding assets like ADA<\/a><\/strong>, ALGO<\/a><\/strong>, XRP<\/a><\/strong>, and HBAR<\/a><\/strong>, positioning American digital currencies as more appealing in the global market.<\/p>\n Eric Shawn of Fox News reports that while this plan is ambitious, it could put non-U.S. cryptocurrencies at a competitive disadvantage, with other nations potentially facing up to a 37% tax on capital gains. The proposal also requires cryptocurrency firms to register in the U.S. before issuing assets, but current companies holding crypto could be given the chance to relocate.<\/p>\n This initiative is part of a larger strategy to make the U.S. a dominant player in the cryptocurrency space. The administration believes that by incentivizing the creation of \u201cMade in America\u201d digital currencies, it can attract investment and innovation, transforming the country into the world\u2019s crypto hub.<\/p>\n