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.
12/16/2024 2:45:53 PM (GMT+1)
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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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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