Eric Trump confirmed that US-based cryptocurrencies such as Algorand, Cardano, Ripple, and Hedera will be exempt from capital gains tax, which puts foreign cryptocurrencies at a disadvantage with a tax of up to 37 percent 💰

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Eric Trump confirmed that US-based cryptocurrencies such as Algorand, Cardano, Ripple, and Hedera will be exempt from capital gains tax. This puts foreign cryptocurrencies at a disadvantage, with a tax of up to 37 percent. Trump stated that his goal is to make the US a global cryptocurrency hub, and he also highlighted the importance of decentralized finance, which, in his opinion, could replace traditional banks, becoming faster and more efficient.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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