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Will the US implement tax-free status for crypto transactions by end of 2025?
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Official announcement or legislation from the US government
Story
Eric Trump Unveils Plan to Make US Crypto Capital, Predicts Bitcoin Will Hit $1 Million
Dec 10, 2024, 05:05 PM
Eric Trump, son of President-elect Donald Trump, announced at the Bitcoin MENA conference in Abu Dhabi that his father plans to make the United States the 'crypto capital of the world' through sensible regulation and making crypto tax-free. He stated that the Trump administration supports cryptocurrency and aims to foster innovation in the space. Eric Trump emphasized that they have been 'big fans of crypto for a long time' and noted that 'every country in the world is embracing crypto.' He also predicted that Bitcoin is 'going to $1 million.' His remarks come as Bitcoin reaches record highs, surpassing $100,000.
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