“
@EricTrump Confirms U.S.-Based Crypto Projects Will Benefit From Zero Capital Gains Tax.”
Legitimate questions:
Which Crypot Projects are considered U.S.-Based?
What requirements constitute U.S. based?
For example, SOL:
Although Solana Labs
is headquartered in San Francisco, the Solana Foundation is based in Geneva, Switzerland.
XTZ: Developed by Arthur and Kathleen Breitman and while the Breitmans are based in the U.S., the Tezos Foundation is headquartered in Switzerland.
XRP, XLM, HBAR, XCH and AVAX, on their face, seem to qualify.
Do Crypto Projects include American companies?
Does
@Ripple,
@Gemini,
@Consensys and other U.S. companies benefit?
What about miners?
We have major American BTC miners like
@RiotPlatforms &
@MARAHoldings?
@Hut8Corp is a Canadian company but has growing U.S. operations, qualify?
What about
@MicroStrategy’s BTC business? Does it get tax benefits?
What about other American companies who adopt a BTC and/or Crypto Treasury Reserve policy?
If it does apply to only American based cryptos AND applies to Corporations who adopt a reserve strategy, will we see companies buying XRP, XLM, HBAR, AVAX, etc., placing them on treasury balance sheets?
Don’t kill the questioner?
I know CT is going off on Bitcoin 🆚 Crypto in general, BTC 🆚 XRP & Ripple specifically, but these are immediate questions I think of. I’ll think of more no doubt.