Trump's Crypto Tax Plan Sparks Debate on Tax-Free Digital Coins

1 min read
Source: Crypto News Flash
Trump's Crypto Tax Plan Sparks Debate on Tax-Free Digital Coins
Photo: Crypto News Flash
TL;DR Summary

Former President Donald Trump is reportedly considering a proposal to eliminate capital gains taxes on U.S.-issued cryptocurrencies, such as Bitcoin and Cardano, if the issuing companies are registered in the U.S. This initiative aims to position the U.S. as a global crypto hub and attract international crypto companies to relocate to the U.S. Additionally, VanEck's Matthew Sigel suggested partnerships with Bitcoin miners in 'Freedom Cities' to promote sustainable mining and strategic Bitcoin accumulation.

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