Trump is speaking again. Recently, he proposed that he wants to eliminate the capital gains tax on cryptocurrencies like Bitcoin and XRP made in the United States.
What does it mean?
For example, suppose we buy a coffee with Bitcoin and then the price of Bitcoin goes up, we would have to pay taxes, which is unfair! Trump said, with this approach, who would dare to use cryptocurrencies to buy things? This clearly suppresses the use of cryptocurrencies in daily life!
He said digital currencies should be tax-free so that everyone can use them with confidence.
Moreover, Trump has an even bolder proposal, which is to impose tariffs on foreign crypto assets, but not on American cryptocurrencies.
This way, everyone would definitely be more willing to use American cryptocurrencies since they could save a lot of money!
He mentioned that the benefits of this approach are numerous, as it could encourage more investment and usage of American cryptocurrencies, and also promote innovation and development in the American cryptocurrency industry. (double standards)
With reduced taxes, people would surely be more willing to try new things, which would give American cryptocurrencies a great opportunity for development!
For instance, if cryptocurrencies like Bitcoin and XRP made in the United States are tax-free, they would certainly be more attractive compared to foreign assets that are still taxable!
This way, perhaps America could become a leader in cryptocurrency development and usage!
So, although Trump's proposal sounds a bit bold, upon careful consideration, it actually makes some sense! #BabyMavin contract address f9c7
What does it mean?
For example, suppose we buy a coffee with Bitcoin and then the price of Bitcoin goes up, we would have to pay taxes, which is unfair! Trump said, with this approach, who would dare to use cryptocurrencies to buy things? This clearly suppresses the use of cryptocurrencies in daily life!
He said digital currencies should be tax-free so that everyone can use them with confidence.
Moreover, Trump has an even bolder proposal, which is to impose tariffs on foreign crypto assets, but not on American cryptocurrencies.
This way, everyone would definitely be more willing to use American cryptocurrencies since they could save a lot of money!
He mentioned that the benefits of this approach are numerous, as it could encourage more investment and usage of American cryptocurrencies, and also promote innovation and development in the American cryptocurrency industry. (double standards)
With reduced taxes, people would surely be more willing to try new things, which would give American cryptocurrencies a great opportunity for development!
For instance, if cryptocurrencies like Bitcoin and XRP made in the United States are tax-free, they would certainly be more attractive compared to foreign assets that are still taxable!
This way, perhaps America could become a leader in cryptocurrency development and usage!
So, although Trump's proposal sounds a bit bold, upon careful consideration, it actually makes some sense! #BabyMavin contract address f9c7