Eric Trump confirms that US-based crypto projects will enjoy zero capital gains taxes
2025-01-26 01:30:40
On January 26th, according to The Street, Trump's second son Eric Trump recently confirmed that US-based crypto projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-US projects will face a 30% tax rate. Meanwhile, Senator Ted Cruz plans to use the Congressional Review Act to challenge a controversial IRS rule that requires DeFi brokers to report user data and trading revenue. Cruz believes that this rule hinders innovation, violates privacy, and increases the compliance burden of decentralized platforms.
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