U.S. crypto policy experts comment on the "zero capital gains tax" policy: How to define "U.S. mainland" still needs to be clarified

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On January 26, John E Deaton, the founder of CryptoLawUS and a former U.S. Senate candidate, commented on his social media platform that "domestic U.S. crypto projects like XRP and HBAR will enjoy a zero capital gains tax in the future, while non-U.S. projects will face a 30% tax rate" as a policy.

He stated that for this policy to be implemented, it still needs to be clarified what kind of crypto projects should be considered as based in the U.S. and what the requirements are for being considered a U.S.-based project. Using Solana as an example, although Solana Labs' headquarters are in San Francisco, the Solana Foundation's headquarters are in Geneva, Switzerland.

Additionally, it is unclear whether U.S. companies involved in crypto and crypto mining companies, or even other U.S. companies that adopt BTC and/or crypto reserve policies, will also utilize this tax reduction policy.

Previously, it was reported that Eric Trump, the son of former President Trump, recently confirmed that domestic U.S. crypto projects like XRP and HBAR will enjoy a zero capital gains tax in the future, while non-U.S. projects will face a 30% tax rate.

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