US President Donald Trump’s administration has proposed a plan to eliminate capital gains taxes on US-issued cryptocurrencies. This policy change could significantly impact the crypto landscape and attract more investors. Three tokens poised to benefit from this policy are Cardano (ADA), Solana (SOL), and Constellation (DAG).
Cardano, founded by Charles Hoskinson, is well-positioned due to its strong ties to the American crypto ecosystem. With a current price of around $0.55, it offers a potential entry point for investors. Its focus on scalability, smart contracts, and US connections make it a winner in this scenario.
Solana, heavily backed by US-based investors, recently surpassed a $100 billion market cap. Despite its Ukrainian founder, the project’s roots are firmly planted in the US. With massive upside potential in a tax-free environment, Solana could dominate the space.
Constellation, a micro-cap gem with a market cap of just $100 million, carries explosive potential. The US Air Force and other government partnerships position it as “America’s Blockchain.” In a tax-free scenario, DAG’s upside could far exceed its larger counterparts.
The proposed policy change could lead to massive influxes of capital into tax-free crypto projects, shifting demand and prices. Traditional markets might lose appeal as crypto becomes the go-to for untaxed gains. US-based crypto projects with strong American ties will likely dominate the space.
Source: https://finance.yahoo.com/news/trump-bold-move-could-crypto-193455642.html