Former President Donald Trump has proposed eliminating capital gains taxes on cryptocurrencies issued by U.S.-based companies. This policy would make profits from U.S.-made digital assets like Bitcoin and XRP tax-free, aiming to attract investment and innovation to the U.S. crypto sector . (Trump’s Plan For No Crypto Tax: And Other Promises He's Made | CryptoManiaks, How Trump’s Zero Crypto Tax Proposal Could Impact the Industry)
The proposal targets only U.S.-issued tokens, excluding foreign-made ones such as Ethereum, to encourage domestic development. Non-U.S. crypto projects would face a 30% capital gains tax, potentially prompting them to relocate to the U.S. . (Trump Proposes Crypto Tax Cuts, Targets U.S.-Made Tokens for Tax Exemption - Brave New Coin, How Trump’s Zero Crypto Tax Proposal Could Impact the Industry)
This move aligns with Trump's broader economic strategy, which includes replacing federal income tax with tariffs and exploring Bitcoin reserves to address national debt . (Former President Trump Suggests Replacing Federal Income Tax with Tariffs and Using Bitcoin to Address National Debt | Binance News on Binance Square)
While the proposal could stimulate the U.S. crypto market, it may also raise concerns about fairness and international collaboration in the global crypto space. (How Trump’s Zero Crypto Tax Proposal Could Impact the Industry)
