Will Trump remove taxes on digital currencies? Market reacts to rumors of tax exemption for US-based cryptocurrencies. Impact on Ripple, Cardano, and Solana prices.
The digital currency market is currently facing severe fluctuations, causing most assets to experience price drops. The total value of the crypto market has decreased by about 10% to $2.76 trillion. Rumors about Donald Trump’s possible decision to eliminate capital gains taxes for digital currencies based in the US have created excitement among traders. Some experts believe that the president alone cannot enforce such a law, and its approval would require congressional confirmation. However, if implemented, the prices of cryptocurrencies like Ripple, Cardano, and Solana are likely to increase.
