🤯Will Trump Eliminate the Cryptocurrency Tax?
Donald Trump's son, Eric, has proposed a 0% tax on capital gains from cryptocurrencies issued by U.S.-based projects.
No details have been shared on how or when this would happen, or if it would be approved by Congress as law.
Donald Trump has stated that he wants to make the U.S. the cryptocurrency capital of the planet and position it as a leader in global innovation. This may include creating policies that reward cryptocurrency users with reduced tax rates in certain situations.
One potential policy, in particular, has generated excitement among investors: eliminating capital gains on cryptocurrencies. But is it too good to be true?
