Crypto Surge: XRP, Litecoin, Cardano Soar $10B Amid Trump’s Shocking Move!
Crypto Tax Expert Unveils Potential Gains: Trump’s Policy Shake-Up on the Horizon!
Get ready, America! With President-Elect Donald Trump set to take the reins, a game-changing policy could reshape the crypto sphere in ways we’ve only dreamed of. Imagine a world where capital gains taxes on U.S.-issued cryptocurrencies are wiped away!
Insiders from Trump’s transition team have hinted that this revolutionary tax relief would specifically target tokens birthed by U.S. companies.
In an exclusive chat with FXEmpire, Arvydas Strankauskas, Chief Legal Officer of Locked Money—a cutting-edge EU-approved digital asset management platform—shares his insights on how Trump’s proposed zero-tax initiative could set the crypto markets ablaze.
Question 1: Trump’s crypto tax plan could eliminate taxes on tokens created by U.S. companies. How might this shake up the global crypto market?
Arvydas Strankauskas (AS): This policy could supercharge crypto adoption by making investments in these digital assets far more enticing due to the tax relief.
Picture this: individuals and institutions alike may rush to jump in, knowing their profits won’t be gobbled up by capital gains tax. This influx could lead to skyrocketing liquidity and valuations for American tokens!
Moreover, the U.S. could emerge as a beacon for crypto businesses, drawing them in like moths to a flame.
Why? Companies would see the U.S. as the prime location to register or relocate to take full advantage of these tax benefits—sparking a wave of innovation and investment in blockchain technology right here at home.
Question 2: In traditional finance, tax optimization seems reserved for the elite. Will it be any different in crypto?
AS: Absolutely! That’s at the heart of what we do at Locked Money. Historically, tax optimization has been a playground for High Net Worth Individuals (HNIs) and institutional investors.
But we’re flipping the script! Our automated tax optimization processes can perform in mere moments what used to take traditional finance months. Gone are the days of tedious consultations with lawyers and financial advisors; blockchain technology allows us to streamline the process effortlessly.
With Locked Money, we’re slashing the costs of traditional tax optimization, making it accessible to everyday investors who don’t have deep pockets.
Question 3: With Trump’s proposed tax-free crypto policy, how likely is it that other countries, like those in the EU, will follow suit?
AS: This could kick off a global race among nations to attract crypto businesses, possibly resulting in a tax-cutting frenzy!
Countries may start unveiling their own tax incentives to keep or lure crypto enterprises, ultimately creating a more favorable playing field for the global crypto community. Personally, I would cheer on a worldwide trend toward tax-free crypto policies. The current tax landscape feels like a heavy weight, taxing individuals on both earnings and spending.
XRP, LTC, ADA Ignite Altcoin Market Rally as Trump’s Policy Changes Loom!
Early predictions suggest that Trump’s zero crypto tax policy could propel the markets in two significant ways.
First, we may witness a shift as investors pivot from traditional markets to crypto. Think U.S.-based TradFi firms issuing tokens or strategically embracing blockchain to reap tax optimization rewards.
Additionally, with the potential elimination of taxes on trading profits from major assets like Ripple (XRP), Litecoin (LTC), and Cardano (ADA), we could see a surge in demand for these U.S.-roots assets.
No surprise then that these coins are climbing the ranks as top gainers following Trump’s announcement of Paul Atkins as Gensler’s replacement this past Wednesday. As strategic investors shift their focus toward the upcoming crypto tax reforms, let’s see how XRP, LTC, and ADA might perform in the days to come!
Ripple (XRP) Price Forecast: $3 Breakout on the Horizon if $2.50 Support Holds Strong!
After breaking through the $2.90 resistance on Tuesday, XRP has seen a 17% pullback in the last 24 hours as short-term traders cash in on early profits. However, all signs indicate that bullish momentum could return if the price can maintain its footing above the essential $2.40 support level.
This $2.40 pivot point is crucial, bolstered by a surge in trading volume during the recent dip. If it holds, we could see buyers regrouping and pushing XRP back towards the $2.93 resistance, with that coveted $3 psychological barrier firmly in sight.
