0% Taxes for Made in US Crypto
In order to prioritize crypto innovation and investment, the United States is preparing to launch vital tax relief policies. Reports indicate that US President Donald Trump’s son Eric Trump hinted at the possibility of the newly elected Trump administration introducing a zero capital gains tax policy due to cryptocurrency projects sex. Do U.S.-based projects and non-U.S.-based projects benefit equally from the anticipated tax benefits?
US-based crypto project to enjoy zero capital gains tax
Eric reportedly asserted that U.S. crypto projects, including XRP and HBAR, would benefit from a zero capital gains tax policy.
Eric’s confirmation sparked excitement across the cryptocurrency industry. Many crypto enthusiasts believe that this decision will make our crypto projects more attractive.
Will non-U.S.-based projects receive any tax relief?
The policy is unlikely to provide any benefits to non-U.S. crypto projects. Eric reportedly highlighted that non-U.S. crypto projects will attract a 30% capital gains tax.
Experts believe this stark contrast in taxation is intended to level the playing field in favor of U.S. crypto projects and incentivize companies to establish operations within the country.
US-Based Crypto Projects: Overview
The Made in America category now has a total market capitalization of $550 billion, and its 24-hour trading volume remains at $37,474,510,450.
This category, as the name suggests, refers to cryptocurrencies with strong ties to the United States.
XRP, Solana, USDC, Cardano, Chainlink, Avalanche, Stellar, Hedera, Sui, and Polkadot are the top ten cryptocurrencies by market capitalization in this category.
Almost all the top ten cryptocurrencies in this category have shown a bullish trend over the past 30 days. XRP surged 42%, Solana surged 31.7%, Cardano surged 12.3%, Chainlink surged 8.7%, Steller surged 18.5%, and Hedera dropped 15.1%. However, during the same period, Avalanche fell by 7.4%, SUI fell by 2.8%, and Polkadot fell by 9.9%.
Taken together, the Trump administration’s crypto tax policies could revolutionize the industry, creating an enabling environment for U.S. projects while challenging non-U.S. players. If implemented, this bold move could attract global crypto innovation, becoming a hub for blockchain advancement. This contrasting tax rate underscores the government’s commitment to promoting domestic growth and innovation in the cryptocurrency sector.
