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American encryption policy experts evaluate the 'zero capital gains tax' policy: how to define 'US domestic' still needs to be clarified
BlockBeats News, on January 26th, former US Senate candidate and founder of CryptoLawUS, John E Deaton, commented on his social media platform that "US-based encryption projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-US projects will face a tax rate of 30%." He stated that in order to implement this policy, it is still necessary to clarify what kind of encryption projects should be considered as located in the United States and what requirements constitute a US base, and so on. Taking Solana as an example, although Solana Labs is headquartered in San Francisco, the Solana Foundation is headquartered in Geneva, Switzerland. In addition, it is unclear whether US companies involved in encryption, encryption mining companies, or even other US companies that adopt BTC and/or encryption reserve policies also use this tax reduction policy.