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Trump proposes tax-free gains for digital assets
But at what cost?

GM Explorer,
US President-elect Donald Trump has put forth a new proposal regarding cryptocurrency that could significantly impact the digital currency landscape.
His son, Eric Trump, confirmed the news, but while it sounds like cause for celebration, many remain skeptical.
Here’s what we got for you today:
💰 The plan to axe capital gains for digital assets!
🔎 Market Insight
🧱 Around the Block: Ethereum (ETH) breaks $4000 for the first time in three years.

💰 The Plan to Axe Capital Gains for Digital Assets!
U.S. President-elect Donald Trump has proposed a new initiative that could significantly impact the digital currency landscape.
Eric Trump (Donald Trump's son) confirmed that the incoming administration plans to eliminate capital gains taxes on cryptocurrencies issued in the U.S.
🚨BREAKING: Eric Trump confirms President Trump’s plan to make American cryptocurrencies such as $ALGO $ADA $XRP and $HBAR tax free
I was the first public source of this story and reported on it. This will put non American crypto at a -37% tax disadvantage.
— Shawn (@oroogle)
5:22 PM • Dec 10, 2024
Sounds too good to be true, right?
If this proposal becomes a reality, cryptocurrencies such as ADA, ALGO, XRP, and HBAR could be tax-free for American holders.
The plan aims to establish the U.S. as a dominant player in the crypto world and make U.S. cryptocurrencies highly attractive globally.
For U.S. investors, this could be a game-changer, making crypto investments much more profitable due to the elimination of taxes.
However, this proposal may put non-U.S. cryptocurrency projects at a serious disadvantage, as they could face capital gains taxes of up to 37% in their own countries.
Moreover, the proposal requires that any crypto firm wishing to issue assets must register in the U.S., although existing crypto companies holding assets might get a golden ticket to relocate to American soil.
Ultimately, the administration believes that by incentivizing the creation of “Made in America” digital currencies, it can attract investment and innovation, positioning the U.S. as the world’s crypto hub.
However, not everyone is on board with this plan.
Some members of the crypto community argue that pursuing a national cryptocurrency contradicts the decentralized ethos of blockchain technology.
They are not enthusiastic about the idea of the government intervening in the free-flowing world of digital assets. Critics also suggest that this could be just another item on a to-do list that will never come to fruition because, let's face it, the government rarely offers freebies.
The debate is intensifying, and depending on how this situation unfolds, it could reshape the crypto industry—either positively or negatively.
So, what do you think?
Could this be a win for American crypto enthusiasts, or does it raise more questions than answers?

🔎 Market Insight
If you're serious about crypto, there's one chart you absolutely need to keep an eye on: OTHERS.D
And here's why it matters: It often signals when altcoins are about to rally.
Take a look at this pattern:

OTHERS.D Monthly Chart
Whenever OTHERS.D touches the white trendline, it often signals the beginning of Altseason, a period when the price of altcoins surges.
In August, OTHERS.D touched the white line for the first time and bounced off it repeatedly until November, when it broke above a key resistance level (the yellow line).
What happened next? Altcoins skyrocketed across the board.
Over the last two weeks, many altcoins have been bleeding. But OTHERS.D reveals why:

Others.D Monthly Chart
The chart shows that OTHERS.D has dropped back down to retest the yellow resistance line — this time as support.
So far, this level has held up perfectly, which is a very bullish signal for altcoins.
While we need to wait for a monthly close to confirm this new support level, when you look closely, you’ll notice another critical piece of the puzzle:
The Bull Market Support Band (20w SMA & 21w EMA) aligns perfectly with the yellow line. This adds even more confidence that the support will hold and altcoins are gearing up for their next rally.
It's been a crazy past few weeks, but OTHERS.D has been tracking Altseason for multiple circles so far, and the chart is currently pointing to one conclusion:
Altseason is about to resume.
This was a big reason why we've suggested you see the dip over the last few weeks as an opportunity to add to your bad.
The next few weeks is going to be massive, you just have to be patient for it.

🧱 Around The Block
Ethereum (ETH) breaks $4000 for the first time in three years.
Bitcoin rallies past $107,000, as hopes grow for strategic reserve
Almost 800 arrested over Nigerian crypto-romance scam.
ShibaSwap is now set to launch liquid staking.
Bitcoin's new ATH pushes El Salvador’s unrealized profit over $360 million.
BlackRock’s Bitcoin ETF hit new milestones.
LastPass threat actor drains $5.4 million in crypto from over 40 victim addressees.
That's all we've got for you today.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.
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