The United States is preparing to launch a major tariff reduction policy to prioritize cryptocurrencies. Eric Trump, the son of President Donald Trump, has suggested the possibility of applying a capital gains tax exemption policy to domestic cryptocurrency projects in the new government. Will this cause both domestic and foreign cryptocurrency projects to benefit from this tax concession?

Cryptocurrency projects based in the United States will benefit from this tax exemption policy. According to Eric, projects like XRP and HBAR will be exempt from capital gains tax. This confirmation has sparked a wave of enthusiasm in the cryptocurrency industry. Many believe that this decision will increase the attractiveness of cryptocurrency projects based in the United States.

Meanwhile, this policy is unlikely to benefit projects without a presence in the United States. Eric stated that these projects will be subject to a capital gains tax of up to 30%. This creates a clear disparity to encourage companies to establish operations in the United States, creating a favorable environment for growth and innovation in the domestic cryptocurrency industry.

With the total market capitalization of the U.S. cryptocurrency industry reaching $550 billion and a 24-hour trading volume of $37,474,510,450, the Trump administration's new tax policy could transform the industry comprehensively. For international companies, this poses a significant challenge, but it also attracts innovative ideas from around the world to the United States, making it a leading center for the Blockchain technology industry.