Eric Trump Confirms Tax Breaks For U.S. Crypto Projects

According to BlockBeats, Eric Trump recently confirmed that domestic cryptocurrency projects in the United States, such as XRP and HBAR, will benefit from zero capital gains tax. In contrast, projects based outside the U.S. will face a 30% tax rate. Additionally, Senator Ted Cruz is planning to challenge a controversial IRS rule using the Congressional Review Act. This rule mandates that DeFi brokers report user data and transaction income. Cruz argues that the rule stifles innovation, infringes on privacy, and increases the compliance burden on decentralized platforms.