US President Donald Trump is reportedly pushing his bold plan to eliminate capital gains tax on cryptocurrencies issued by US companies. The proposal, confirmed by his son Eric Trump, aims to make crypto tax-free for US citizens who own assets such as ADA, ALGO, XRP, and HBAR, thereby positioning America’s digital currencies more attractive in the global market.
The initiative is part of a larger strategy to make the US a dominant player in the cryptocurrency industry. The government believes that by incentivizing the creation of “Made in America” digital currencies, it can attract investment and innovation, turning the country into the crypto hub of the world. Sources suggest that for US investors, this could be a boost to the industry, with crypto investments becoming much more profitable due to the tax-free status.
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