Official IRS publications or U.S. government announcements

Eric Trump Confirms Zero Capital Gains Tax for U.S.-Based Crypto Projects Like XRP and HBAR, 30% for Non-U.S.

Jan 26, 2025, 03:07 AM

Eric Trump has reportedly confirmed that U.S.-based cryptocurrency projects, such as XRP and HBAR, will benefit from a zero capital gains tax, while non-U.S.-based projects will face a 30% capital gains tax. This policy, aimed at attracting global investment to American soil, could give these projects a competitive advantage. The Trump administration's move is part of a broader strategy to position the U.S. as a global hub for digital assets, amidst new IRS regulations set to take effect in 2025 that will require crypto brokers to report digital asset sales through Form 1099-DA.