BlockBeats News, January 26th, according to The Street, Eric Trump, the son of former President Donald Trump, recently confirmed that US-based crypto projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-US projects will face a 30% tax rate.Meanwhile, Senator Ted Cruz plans to challenge a controversial IRS rule using the Congressional Review Act, which requires DeFi brokers to report user data and transaction income. Cruz believes this rule hampers innovation, violates privacy, and increases compliance burdens on decentralized platforms.
BlockBeats News Update: On January 21, Bitcoin Magazine CEO David Bailey stated on his social media platforms, "Confirmation has been received that a Bitcoin- or cryptocurrency-related executive order is included in the first 200 executive orders issued after Trump's inauguration. I don't know the specifics of which ones were selected, but good news is on the way."
The social media company owned by Trump is in talks to acquire the cryptocurrency exchange platform Bakkt, planning to fully acquire Bakkt, with Trump committing to retain his 53% stake.
In the week following the election, this article takes stock from the market's perspective on publicly disclosed wealth appreciation to highlight the top ten winners of the Trump victory.
「We are highly optimistic that the government will now foster innovation, accelerate progress, and enable the crypto ecosystem to thrive in the United States.」