Trump to Eliminate Capital Gains Tax on U.S. Cryptocurrencies as Bitcoin Nears $100,000

Nov 28, 2024, 06:06 PM

President Trump's administration is reportedly planning to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies, according to reports citing CryptoSlate. The potential tax policy change could significantly impact the cryptocurrency market by encouraging investment and simplifying taxation for digital assets. Meanwhile, Bitcoin ($BTC) is nearing the $100,000 mark, reflecting heightened investor enthusiasm amid these developments.