Despite the legal and economic obstacles, there is a high possibility that US-based cryptocurrencies could be exempt from profit taxes. The new US administration has teased that a policy would be introduced that would eliminate capital gains taxes for cryptos issues by organizations based in the US. This proposed policy seems part of Donald Trump’s greater strategy to make the US the crypto capital of the world. Cryptos that benefit from this policy include Ripple (XRP), Hedera (HBAR), and DTX Exchange . DTX is an emerging altcoin powered by the DTX Exchange hybrid trading platform. Tax Incentive for Ripple Holders The policy includes high-profile assets like Ripple (XRP), which would mean they become tax-free in terms of capital gains. This will drive global investment toward US-based crypto leaders like Ripple and increase the XRP price. The policy is a strategic initiative by President Trump to bring innovation to America, and it will shift global investment priorities toward Ripple. The XRP price is $2.96 today, trending towards an ascending trendline support. It last faced resistance at $3.4, and the XRP price is primed for a correction. There is a weakness in bullish momentum, and the XRP Price needs to power through bearish pressure and sell signals to avoid a downtrend. If the XRP price continues its upward momentum, it could retest the $3.4 resistance level again. The XRP price also depends on the SEC case, and the crypto community expects the SEC to drop the case against Ripple as it has established better regulatory guidelines. There is a new SE administration, and there is hope that Ripple will be in the clear and that the XRP price will gain momentum once its legal troubles are over. Hedera (HBAR) at a Clear Advantage If Hedera (HBAR) is tax-free and non-US-based cryptocurrencies are not, it gives Hedera (HBAR) a clear advantage in institutional adoption. Hedera (HBAR) is also more likely to be part of the United States' strategic reserve of digital assets. Given its advantage in the regulatory arena and its unique ecosystem, Hedera (HBAR) prices have a good chance of shooting up soon. Currently, the Hedera (HBAR) is trading at $0.31 and has seen a 38% rally earlier this month. On-chain data has also made Hedera (HBAR) traders optimistic as the Hedera (HBAR) Open Interest reached record levels, and there was an announcement that $3 billion worth of gemstones and jewelry would be tokenized as real-world assets on the Hedera (HBAR) network. DTX Exchange to List Soon DTX Exchange is witnessing historic momentum as its token takes the crypto market by storm. The DTX token is priced at $0.16 in the 8th stage of the presale. It has already raised almost $13M in funding and continues its explosive rise. It is expected that the DTX token will be priced at $0.2 once it is listed on tier-one exchanges like Binance and Coinbase. DTX Exchange will revamp how we trade and modernize it for the digital future of finance. It is a hybrid platform allowing users to trade over 100,000 currency pairs like gold, stocks, bonds, forex, and crypto derivatives. Fiat and crypto trading can be done in one place, and it will make life easier for traders who are currently using multiple platforms for all their asset management. To know more about the DTX Exchange ecosystem, Check out: Visit Website Buy Presale Join Community
