{"id":9858,"date":"2025-01-27T12:36:49","date_gmt":"2025-01-27T12:36:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9858"},"modified":"2025-01-27T12:36:49","modified_gmt":"2025-01-27T12:36:49","slug":"inside-eric-trump-crypto-tax-masterplan-best-us-based-crypto-coins-to-buy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9858","title":{"rendered":"Inside Eric Trump Crypto Tax Masterplan: Best US-Based Crypto Coins To Buy?\u00a0"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">A <\/span><span data-preserver-spaces=\"true\">clear<\/span><span data-preserver-spaces=\"true\"> taxation regime is crucial for every industry, and crypto tax is no exception. Therefore, recent comments by Eric Trump, the son of the US president, should be taken with the seriousness they deserve. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If his bold vision of eliminating capital gains tax for U.S.-based crypto projects, including cryptocurrencies like Cardano, Ripple, and <a class=\"general-link\" title=\"Algorand Hits New Yearly High: Is ALGO The Best 2021 Coin?\" href=\"https:\/\/99bitcoins.com\/news\/presales\/algorand-hits-new-yearly-high-is-algo-the-best-2021-coin\/\" rel=\"\">Algorand<\/a>, goes through, it would signify a seismic shift in the global crypto landscape.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Eric Trump has reportedly confirmed that US based crypto projects will benefit from a 0% capital gains tax, per TheStreet.<\/p>\n<p>Non-US based crypto projects will reportedly face a 30% capital gains tax. <a href=\"https:\/\/t.co\/IwZz2oCoNJ\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/IwZz2oCoNJ<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1883350923805868080?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 26, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Thus far, Eric Trump\u2019s statement has captured the imagination of crypto investors and policymakers alike. However, as politics and economics evolve, how will potential <\/span><span data-preserver-spaces=\"true\">crypto tax reform impact coins<\/span><span data-preserver-spaces=\"true\"> like Wall Street Pepe?<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Eric Trump: A Zero Capital Gains Tax For US-Based Crypto Projects?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Like his father, Eric Trump is keen on making the United States the \u201ccrypto capital of the world.\u201d To actualize this grand vision, eliminating capital gains tax for crypto projects rooted in the country would be a significant way to rejuvenate activity.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Trump Eliminating Capital Gains Taxes for US Crypto Companies!\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/2GPfgxO2BoY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">If this happens, it\u2019s easy to see why hundreds, if not thousands, of projects might move to the United States. Most importantly, with such an initiative, local crypto projects would undoubtedly flourish.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, the United States recognizes crypto as property and levies a capital gains and income tax between 0% and 37%, depending on multiple factors, including the nature of the crypto transaction and the income level of the taxpayer.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Recently, Senator Ted Cruz of Texas <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cruz.senate.gov\/newsroom\/press-releases\/sen-cruz-rep-carey-colleagues-work-to-overturn-biden-admin-irs-rule-sending-american-cryptocurrency-innovation-overseas\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">declared<\/span><\/a><span data-preserver-spaces=\"true\"> his intent to challenge a new IRS rule requiring DeFi firms to file detailed tax forms under the Congressional Review Act. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite crypto transactions being pro-privacy, the IRS wants DeFi protocols to submit transaction amounts and divulge user identities. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The lawmaker argues that this requirement goes against the principles of decentralization and poses a grave danger to privacy rights, creating unnecessary barriers to innovation in America.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe Biden administration\u2019s rule attempts to drive American cryptocurrency innovation overseas. This regulation undermines the purpose of DeFi technology: to enable individuals to freely buy, sell, and exchange digital assets. America\u2019s goal should be to prioritize innovation, and this rule is the opposite. I call upon Congress to expeditiously take up this resolution, pass it, and send it to the President.\u201d<\/span><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Wall Street Pepe: Empowering Meme Coin Retail Traders<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">As crypto regulations in the United States potentially take a favorable turn, smart investors are focusing on Wall Street Pepe (WEPE).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The project has been on a tear <\/span><span data-preserver-spaces=\"true\">in recent days<\/span><span data-preserver-spaces=\"true\">, raising over $61.5 million in its ongoing presale. Each WEPE token is currently trading at just $0.0003665.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-197208\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89.png\" alt=\"\" width=\"1882\" height=\"732\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89.png 1882w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89-300x117.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89-1024x398.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89-768x299.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89-1536x597.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-89-50x19.png 50w\" sizes=\"auto, (max-width: 1882px) 100vw, 1882px\"><\/p>\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">Wall Street Pepe is pro-community, and if the Trump administration does away with capital gains tax, it could propel meme coins like WEPE to new heights.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">What\u2019s drawing attention is how the project aims to empower retail traders. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">WEPE holders will <\/span><span data-preserver-spaces=\"true\">be granted<\/span><span data-preserver-spaces=\"true\"> access to the \u201cWEPE Army\u201d private trading <\/span><span data-preserver-spaces=\"true\">groups<\/span><span data-preserver-spaces=\"true\"> where they receive curated trading signals, early access to highly potent cryptos<\/span><span data-preserver-spaces=\"true\">, and<\/span><span data-preserver-spaces=\"true\"> can participate in forums to discuss opportunities with other traders.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Analysts believe WEPE could be a success. <\/span><\/p>\n<p>\u00a0<\/p>\n<p><iframe loading=\"lazy\" title=\"Is WALL STREET PEPE The Next 100X Meme Coin? $WEPE Raises $61,000,000!!\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/aDgxaKcrHQ4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">In their view, if meme coins like TRUMP and MELANIA, which lack utility, have soared, then WEPE, with its community-focused approach, stands an even better chance.<\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/inside-eric-trump-crypto-tax-masterplan-best-us-based-crypto-coins-to-buy\/\">Inside Eric Trump Crypto Tax Masterplan: Best US-Based Crypto Coins To Buy?\u00a0<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A clear taxation regime is crucial for every industry, and crypto tax is no exception. Therefore, recent comments by Eric Trump, the son of the US president, should be taken with the seriousness they deserve. If his bold vision of eliminating capital gains tax for U.S.-based crypto projects, including cryptocurrencies like Cardano, Ripple, and Algorand, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9858","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9858"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9858\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}