US Crypto Tax Exemption: Ripple, Hedera, DTX Set for Global Investment Boom
The US administration is considering a policy that could exempt US-based cryptocurrencies from profit taxes, potentially driving global investment towards these digital assets. This move, part of President Trump's strategy to make the US the global crypto capital, could benefit prominent US-based cryptocurrencies such as Ripple (XRP), Hedera (HBAR), and DTX.
If implemented, this policy could make high-profile assets like Ripple (XRP) tax-free in terms of capital gains, attracting global investors to US-based crypto leaders like Ripple and increasing the XRP price. The XRP price is currently $2.96, trending towards an ascending trendline support, and is poised for a potential correction. The crypto community anticipates the SEC dropping the case against Ripple, which could further boost the XRP price once its legal troubles are resolved.
Hedera (HBAR) could also benefit from this policy, gaining a distinct advantage in institutional adoption if it becomes tax-exempt while non-US-based cryptocurrencies remain taxed. Hedera (HBAR) is more likely to be included in the US strategic reserves of digital assets, with its unique ecosystem and regulatory advantages. Currently trading at $0.31, Hedera (HBAR) has seen a 38% rally earlier this month and has reached record levels in on-chain data.
DTX Exchange, a hybrid trading platform, is witnessing historic momentum as its token takes the crypto market by storm. The DTX token is priced at $0.16 in the 8th stage of the presale and has already raised nearly $13M in funding. It is expected to be priced at $0.2 once listed on tier-one exchanges like Binance and Coinbase. DTX Exchange will revamp trading by modernizing it for the digital future of finance, allowing users to trade over 100,000 currency pairs in one place.
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