#TrumpTaxCuts President Donald Trump's tax cuts have had a significant impact on the cryptocurrency market, particularly the TRUMP coin – an official memecoin named after him. After Trump proposed eliminating capital gains tax on cryptocurrency projects based in the United States, the TRUMP coin quickly entered the top 15 cryptocurrencies in the world within just 48 hours, reaching a fully diluted valuation (FDV) of 71 billion USD.

This proposal not only boosted the growth of the TRUMP coin but also created a strong wave of investment in other altcoins such as XRP, ADA, and HBAR, with growth reaching up to 800% in some cases. Additionally, Eric Trump also confirmed that cryptocurrencies like XRP, ADA, ALGO, and HBAR would be tax-exempt, aiming to make the United States a global cryptocurrency hub.

However, this policy also poses challenges for international cryptocurrency projects, as they may face capital gains tax rates of up to 30%, creating significant disparities and potentially affecting global cooperation in this field.

In summary, Trump's tax cut policy has strongly promoted the development of the TRUMP coin and the U.S. cryptocurrency market, but it has also raised questions about fairness and international cooperation in this industry.