#TrumpTaxCuts Trump’s crypto tax cuts and deregulation reflect a pro-industry agenda with significant economic and ethical trade-offs. While eliminating capital gains taxes and IRS rules may spur adoption, reliance on tariffs and conflicts of interest pose risks. Investors should monitor legislative progress and global regulatory trends.

Trump advocates for zero capital gains taxes on cryptocurrencies "made in the USA," including Bitcoin and XRP. This aims to encourage everyday crypto transactions (e.g., buying coffee with Bitcoin) and promote domestic crypto innovation .

The exemption applies only to U.S.-produced tokens, excluding foreign cryptos like Ethereum and Chinese-made tokens .

Current capital gains rates range from 0% to 37% depending on income and holding period. Trump’s plan would simplify tax burdens but faces uncertainty in Congress.

Trump signed a bill overturning Biden-era IRS rules requiring decentralized exchanges (DeFi) to report user transactions. Critics argued compliance was impossible for non-custodial platforms .

The repeal spares DeFi platforms from tracking user data but risks $4 billion in uncollected taxes over a decade .

Centralized exchanges like Coinbase praised the move, calling it a win for innovation.