XRP, ADA, ALGO, and HBAR Will Be Exempt
- At the Bitcoin MENA Conference, Eric Trump announced that US-based cryptocurrencies XRP, ADA, ALGO, and HBAR will be exempt from taxation under Trump’s administration.
- This initiative aligns with Trump’s broader vision to position the United States as a leading global hub for crypto amid discussions of a national Bitcoin reserve.
At the Bitcoin MENA 2024 Conference in Abu Dhabi, Eric Trump, Executive Vice President of the Trump Organization, made a significant announcement: American-based cryptocurrencies will be exempt from taxes. This move affects U.S.-issued cryptocurrencies like Bitcoin (BTC), Cardano (ADA), Algorand (ALGO), Ripple (XRP), Stellar (XLM), and Hedera Hashgraph (HBAR). This contrasts with Italy’s…
