In January, after the inauguration of Donald Trump, reports arose alleging that his son, Eric Trump, had confirmed that cryptocurrencies based in the United States would eventually be exempt from the capital gain tax, while cryptocurrencies not based on the United States would face a 30%tax.
The elimination of capital gains taxes in cryptocurrencies based in the United States may seem a dream come true for US investors, but will not come without price. Whether it becomes a net negative for the global cryptography industry, well, we will only have to wait and see.
But there are some dazzling red flags.
1. The markets can stagger after confirmation.
If this new rule is really approved and enters into force, prepare for the turbulence of the market, since US investors could throw non -American crypts, take the impact and rotate part of its capital in national options. This could increase the sale pressure in global projects, particularly those with an important exhibition of US investors.
But that would be the slightest of the concerns: this could have long -range consequences for long term for the entire cryptographic industry.
2. Make this change before the sound regulations are could be harmful.
This elimination of taxes on cryptography investments could trigger an increase in the creation of new cryptocurrencies in the United States, similar to the boom in the supply of initial currencies (ICO) of 2017, in which almost 80% of the projects collapsed or turned out to be scams within two years. If the United States government eliminates the capital gains tax before implementing clear and solid regulations, we could see a repetition of that chaos, but on a much larger scale.
Surely a zero capital gains tax would attract American retail investors who have never ventured into cryptography, attracted by the obvious fiscal advantage. But if the bad actors flood the space and take advantage of them, they could move away these newcomers from the cryptography completely.
3. Potential damage to the global cryptography industry.
The United States can be the home of the main cryptographic projects such as Cardano (ADA), Solana (Sol), XRP (XRP) and Hedera (HBAR), but it has also been a breeding broth for scam tokens. In 2024, the FBI even issued a warning about criminals who created false cryptographic tokens that imitated the legitimate ones, taking advantage of unsuspecting investors.
In addition, the new global encryption companies can have a more challenging moment to obtain funds if US risk companies begin to favor local projects to maximize tax -free yields on Token assignments. This could exhaust the investment of emerging markets, where cryptography is often used for the financial inclusion of the real world. Such change would probably also bring many US companies back home after they left due to the heavy approach of the SEC with the Biden administration.
Even if other countries went up to the car with their own zero capital gains tax for local crypts, it could be counterproductive. The market would probably flood with new tokens, trade would become more fragmented and liquidity would dry for most of them. Although countries such as the EAU and Cayman islands already have zero taxes on cryptography capital gains, they apply it universally, not only to cryptographic tokens created locally.
Conclusion
USA What seems like a tax exemption could now end up killing competition, pumping money to scams and harming cryptyllic in the long run.
