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Eric Trump Confirms Tax Exemption for XRP and Other Cryptocurrencies
In a groundbreaking move aimed at strengthening the US cryptocurrency industry, as reported by Wu Blockchain, Eric Trump has revealed plans to exempt domestic cryptocurrency capital gains from income tax.
This initiative aims to position the United States as a global leader in blockchain innovation and cryptocurrency adoption. Cryptocurrencies such as Ripple's XRP, Cardano (ADA), Hedera (HBAR), and Algorand (ALGO) are expected to directly benefit from this tax exemption, creating incentives.