Eric Trump Confirms US Crypto Projects to Enjoy Zero Capital Gains Tax
On January 26th, according to The Street, Eric Trump, the son of Donald Trump, confirmed that US-based encryption projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-US projects will face a tax rate of 30%. Meanwhile, Senator Ted Cruz plans to use the Congressional Review Act to challenge a controversial IRS rule that requires DeFi brokers to report user data and transaction income. Cruz believes that this rule hinders innovation, violates privacy, and increases compliance burdens for decentralized platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tomorrow Could Be a Big Day for Ripple (XRP) and Solana (SOL) – Here’s What’s Rumored to Happen
If crypto market rumors are true, tomorrow could truly be a turning point for XRP and Solana.
Long-awaited Altcoin Launches Mainnet, Releases Tokens
The altcoin, which has been long awaited by the cryptocurrency market, has finally launched its mainnet and released its tokens.
The "VC Coin" Controversy: Examining the Token Distribution Dilemma of Crypto Projects through the BERA Token
The project should focus on the long-term healthy development of the protocol, align with the core community, and avoid excessive attention to "gamification" or transactions that only attract speculative capital in the short term after launch.
New spot margin trading pair — TSTBSC/USDT!
Trending news
MoreCrypto prices
More
