Eric Trump has zero capital gain tax on US -based cryptographic projects such as XRP and HBAR. Ivanka Trump warns illegal Memcoin using her name without consent.
Eric Trump, the son of the US President Donald Trump, has led to the release of the Capital Gain tax, a cryptocurrency project in the United States, such as XRP and HBAR. This is clearly a major deviation from the past tax law, which sets up to 30 % of profit tax rates.
Nevertheless, the abolition of this tax requires a clearance from the US Council. Given the impact on state income, this legislative process is expected to cause long -term controversy. In particular, experts believe that this approach can lead to legal and financial difficulties regarding the possibility of significant tax revenues.
If this phase is executed effectively, it may, but nevertheless, it may encourage the expansion of the US crypto sector to increase the global competitiveness of Initiative, including XRP and HBAR.
According to the street, Trump’s second son Eric Trump has confirmed that a cryptographic project based in the United States, such as XRP and HBAR, will benefit from zero capital gain tax, not a 30 % capital gain tax. Furthermore, Senator Ted Cruise is planning to overturn the controversial IRS regulations …
-Wu blockchain (@wublockchain) January 26, 2025
Impact of tax -exempt policy on US ciphers
According to this tax -exempt approach, the impact on the US cryptographic market is important. Projects such as XRP and HBAR can bring out additional institutional investment and retail investment. Furthermore, what is expected to be encouraged by these regulations is an additional blockchain technology development, and has strengthened US leadership as a global crypto innovation hub.
Senator Ted Cruz, nevertheless, has stated his concerns about the taxation method of the cipher sector. He opposes the Internal Revenue Agency (IRS) rules that require a Defi system to document user information. The cruise believes that this approach is at risk of the diversified financial industry innovation and privacy.
Ivankat lamp Mem coin stance
In these events, Ivanka Trump, the daughter of Donald Trump’s daughter, publicly attacked Mome Coin Initiative using her name, as mentioned in our report. In the X post, Ivanka states:
I am not involved in this coin. This fake coin deceives consumers and is at risk of fraudulent money earned by their hardships. And illegal use of my name and portrait is a violation of my rights.
XRP and HBAR performance
At the time of news time, XRP has been traded for $ 2.96 following 5.65 % of the past 24 hours. The market capitalization was about $ 170 billion.
Hbar, on the other hand, has decreased by 8.55 % in the same period and is traded for about $ 0.3133. Currently, the market capitalization is $ 12 billion.
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