Cryptocurrency

Donald Trump

President Donald Trump

<ul class="news-points">
 <li><strong>Trump’s proposal to eliminate crypto taxes aims to boost American digital asset adoption. </strong></li>
 <li><strong>Tax-free transactions for Bitcoin and XRP could spur innovation in U.S. crypto markets. </strong></li>
 <li><strong>Shifting to tariffs on foreign crypto may enhance the competitiveness of U.S. assets. </strong></li>
</ul>
<p>Former President Donald Trump has sparked fresh debate with his proposal to eliminate capital gains taxes on American-made cryptocurrencies. Trump argues that removing taxes on U.S.-based digital assets like Bitcoin and XRP could boost their everyday use by easing tax burdens on simple transactions.</p>
<p class="has-text-align-center"><strong>Related: <a href="https://coinedition.com/hong-kong-to-license-all-crypto-exchanges-by-year-end/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Hong Kong to License All Crypto Exchanges by Year-End</a></strong></p>
<p><a href="https://x.com/AbsGMCrypto/status/1851223239449854040" target="_blank" rel="noopener noreferrer nofollow">This proposal</a> has stirred up a back-and-forth on the role of digital assets in the U.S. economy, with some seeing it as a way to encourage the use of cryptocurrencies without the tax complications that often deter smaller, daily purchases.</p>
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<h2 class="wp-block-heading" id="h-the-case-against-capital-gains-taxes-on-crypto">The Case Against Capital Gains Taxes on Crypto</h2>
<p>Trump believes the <a href="https://coinedition.com/interest-rate-cut-vs-inflation-the-feds-dilemma-and-cryptos-future/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">current tax structure</a> around cryptocurrency transactions is unfair. He pointed out that when Americans use Bitcoin to buy everyday items—such as a cup of coffee…</p>
<p>The post <a href="https://coinedition.com/tax-free-bitcoin-trumps-cryptocurrency-proposal-explained/" rel="noopener noreferrer nofollow">Tax-Free Bitcoin? Trump’s Cryptocurrency Proposal Explained</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Tax-Free Bitcoin? Trump’s Cryptocurrency Proposal Explained

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