Eric Trump confirms that the US local encryption project will enjoy zero capital benefits tax

PANews reported on January 26 that according to The Street, Trump’s second son Eric Trump recently confirmed that U.S.-based crypto projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-U.S. projects will face a 30% tax rate. Meanwhile, Senator Ted Cruz plans to use the Congressional Review Act to challenge a controversial IRS rule that requires DeFi brokers to report user data and trading revenue. Cruz believes that this rule hinders innovation, violates privacy, and increases the compliance burden on decentralized platforms.