Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: yhiaali3 on January 26, 2025, 06:11:27 AM
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CoinGecko has launched a new crypto category called “Made in USA,” which focuses on US-developed digital assets such as XRP and Hedera (HBAR).
The move quickly attracted a lot of attention from the crypto community, coinciding with the inauguration of Donald Trump as the first pro-crypto US president. With the backing of what is considered the most crypto-friendly Congress in US history, the move reflects growing optimism about the country’s crypto market, along with Trump’s plans to make the US a leading power in the field.
A key part of this plan is the rumor that Trump intends to eliminate taxes on US-developed crypto assets. This has brought tokens like XRP to increasingly strong attention from the community.
(https://www.talkimg.com/images/2025/01/26/W9ds9.jpeg)
Pro-Crypto Policies and XRP’s Position
Shawn Sully (@oroogle), a prominent crypto expert, believes that these potential tax exemptions could be game-changers. One commentator agreed, sharing: “Tax exemptions for US coins could be a game-changer. This would suck a huge amount of liquidity from other sectors and create an unprecedented crypto boom.”
The community has responded positively to these developments. One post highlighted the important role of US-made crypto assets, especially XRP: “American made is the only way! Look who’s number 1.” XRP’s recognition as a leading token further cements its role in shaping the future of the domestic crypto industry.
XRP’s position in this category is further cemented by its inclusion alongside Solana, which will serve as the foundation for Trump’s proposed US crypto reserve plan. By leveraging these assets, the administration aims to spur economic innovation while ensuring liquidity flows to US-developed projects.
https://azc.news/the-made-in-usa-category-transforms-as-trump-exempts-xrp-from-taxes-id31862/
This is in line with Trump’s policy of making the US the crypto capital of the world as he stated before.
I also believe this is a result of the secret meetings Ripple CEO had with Trump, where as we can see XRP is the primary beneficiary of all this.
What do you think of this move? Will it reflect positively on the crypto community or will it have a negative impact on decentralization?
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Are we sure that XRP is included in the reserve plan? I swear I read in another forum that the US government only wants to include Bitcoin on their reserve plan. At first glance, this article feels like a PR move for XRP. Anyway, let's say a project is free from taxes, how exactly does this affect their development? Will they get scrutinized like usual? Do they have to limit the users who can access their service? Will their KYC change and be more aggressive? If it means users can access their product more easily, I guess their volume will definitely increase. I doubt overseas business will go as far as moving their headquarters to the US though. CMIIW.
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Are we sure that XRP is included in the reserve plan? I swear I read in another forum that the US government only wants to include Bitcoin on their reserve plan. At first glance, this article feels like a PR move for XRP. Anyway, let's say a project is free from taxes, how exactly does this affect their development? Will they get scrutinized like usual? Do they have to limit the users who can access their service? Will their KYC change and be more aggressive? If it means users can access their product more easily, I guess their volume will definitely increase. I doubt overseas business will go as far as moving their headquarters to the US though. CMIIW.
There is no confirmation yet whether XRP is included in the US reserve plan, but I do not rule it out because XRP is centralized first and secondly it is an American product and thirdly there are secret relations and meetings between Trump and the CEO of Ripple, so it is very possible that we will see it in the US reserve plan whose features are not clear yet.
As for Bitcoin, yes it will most likely be in the strategic reserve plan, but there is no confirmation that it will be the only cryptocurrency in the reserve plan, we may see another coin, especially one that carries the characteristic "Made in America".
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What do you think of this move? Will it reflect positively on the crypto community or will it have a negative impact on decentralization?[/size]
i do not think it will have any effect on the decentralization in the crypto community for example xrp is a company yes but its network is decentralized still and holding xrp does not threaten decentralization
i do think this is a sign of good things to come for the usa in the crypto space because they will be really well known for being pioneers of crypto
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What do you think of this move? Will it reflect positively on the crypto community or will it have a negative impact on decentralization?[/size]
None of those coins are really decentralized.
The only decentralized coin is bitcoin. All other coins are basically companies, all of them have CEO, employers, etc
Anyway, it is very interesting to see this new category Top USA Coins. I am impressed by the list, and I didn`t know SOLANA was a USA coin. This is certainly bullish for solana.
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Anyway, it is very interesting to see this new category Top USA Coins. I am impressed by the list, and I didn`t know SOLANA was a USA coin. This is certainly bullish for solana.
There are more added to that list now than when the article was written, I was curious why Cradano was not in the picture, now it is:
https://www.coingecko.com/en/categories/made-in-usa
Out of 1.7 Trillion in altcoins, nearly 600 billion are USA-made coins, and another 200 billion are USD stable coins, so right now basically the US policies can influence half of the altcoin market ;D, add another 150 billion in centralized exchange token that would play ball with any government and you can see the decentralization dream fading away on the horizon.
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This is in line with Trump’s policy of making the US the crypto capital of the world as he stated before.
I also believe this is a result of the secret meetings Ripple CEO had with Trump, where as we can see XRP is the primary beneficiary of all this.
What do you think of this move? Will it reflect positively on the crypto community or will it have a negative impact on decentralization?[/size]
I am not sure about the criteria for a project to be considered "Made in the USA," it might relate to team members, the CEO, registration, and headquarters. Anyway, I am very happy that Ripple is on this list, which means if this trend explodes, XRP will receive capital inflows to grow this year.
I don’t think favoring "Made in the USA" projects will weaken decentralization, it’s simply a policy to encourage projects to come to the US to launch and serve user needs. Blockchain operates in a decentralized manner and does not rely solely on nodes within US territory.
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i do not think it will have any effect on the decentralization in the crypto community for example xrp is a company yes but its network is decentralized still and holding xrp does not threaten decentralization
There are some doubts about the decentralization of XRP, yes it is true that the XRP blockchain called "XRP Ledger" is decentralized but there are big doubts about XRP itself being centralized.
The reason is that Ripple got 80% of XRP and sold about 20% and still owns 60% of the total so far, also Ripple controls the largest number of nodes operating the network.
All these things make Ripple closer to centralization.
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Next thing you know, all these made in the US cryptocurrencies will be exclusively traded on US-based exchanges ;D I wonder if CEX will also waive the trading fees if that is implemented.
US developers might just flood the market with more meme coins (like Trump and Melania) ;D
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Out of 1.7 Trillion in altcoins, nearly 600 billion are USA-made coins, and another 200 billion are USD stable coins, so right now basically the US policies can influence half of the altcoin market ;D, add another 150 billion in centralized exchange token that would play ball with any government and you can see the decentralization dream fading away on the horizon.
As the biggest economy in the world and the country where we can find 100% of the big techs , I would expect even more than 600/1700 millions in USA.
I believe they will focus to grow that number in the future. I have mixed fellings about XRP.... And I believe solana is broken. Let's see where will this money go.
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where was doge made?
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As the biggest economy in the world and the country where we can find 100% of the big techs , I would expect even more than 600/1700 millions in USA.
Well, 400 is in ETH, so if we count out this and ignore some coins that are not classified they have half of it already, and there is a ton that are country-less for example, so in my opinion it's enough right now, it's other countries that are complete missing from here that is more interesting.
where was doge made?
Technically US, Palmer was for sure an Us citizen at the time.
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Next thing you know, all these made in the US cryptocurrencies will be exclusively traded on US-based exchanges ;D I wonder if CEX will also waive the trading fees if that is implemented.
I don’t think these US-made cryptocurrencies will be exclusively traded on US-based exchanges, nor do I expect them to be exempt from trading fees.
The news says they will be tax-exempt, but that doesn’t mean that centralized platforms will exempt these coins from trading fees, and these coins can be traded on any centralized exchange outside the US, as you can see for example XRP and Solana being traded on almost all exchanges.
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I don’t think these US-made cryptocurrencies will be exclusively traded on US-based exchanges, nor do I expect them to be exempt from trading fees.
The news says they will be tax-exempt, but that doesn’t mean that centralized platforms will exempt these coins from trading fees, and these coins can be traded on any centralized exchange outside the US, as you can see for example XRP and Solana being traded on almost all exchanges.
Tax exemption does not mean free trading. Tax exemption allows investors to not pay taxes to the government based on the profits from that token, while transaction fees are still charged when transactions are made on CEXs & DEXs, the government cannot intervene.
I hope that this regulation will be passed and allow many "Made in USA" tokens to grow strongly, leading to the growth of the entire crypto market. However, I really don't know specifically how the crypto investor tax declaration process will be carried out to avoid taxes related to a few specific tokens.
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If they made this category then that means all of the coins from this category must pump but many has already pumped before this category as XRP which was my top pick but due to some laziness and listening to others I was unable to pick it. Plus I followed some influencers on Twitter which is my another small mistake that I listened to their technical analysis.
This category is a proof that in future the coingecko team has seen many new crypto tokens to be added in this, which is a good thing too for the crypto market as the adoption will increase plus the market cap of the whole crypto industry too. XRP is really the top pick here, plus SUI but SUI was trending few days ago with it's first launch pad but after that it is not that famous.
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As the biggest economy in the world and the country where we can find 100% of the big techs , I would expect even more than 600/1700 millions in USA.
Well, 400 is in ETH, so if we count out this and ignore some coins that are not classified they have half of it already, and there is a ton that are country-less for example, so in my opinion it's enough right now, it's other countries that are complete missing from here that is more interesting.
where was doge made?
Technically US, Palmer was for sure an Us citizen at the time.
yeah I thought so. doge would benefit bigly from this. I still stack doge via mining as I type.
I am hodling lots of 6 and 7 cent doge.
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CoinGecko has launched a new crypto category called “Made in USA,” which focuses on US-developed digital assets such as XRP and Hedera (HBAR).
Asides the Made in America as a category, there is also a token called MIA that is Made in America recently launched not on CEX but some people were able to cash in on it’s value.
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Asides the Made in America as a category, there is also a token called MIA that is Made in America recently launched not on CEX but some people were able to cash in on it’s value.
Yes, it is true, there is a "Made in America" token, but I think this has nothing to do with the topic officially, anyone can make any token, but that does not mean that it has value or that it has anything to do with this new category "Made in America".
This always happens, when any trend appears in the market, some people exploit the trend and create a meme immediately to benefit from the trend, so I think this type of token aims to exploit the "Made in America" trend to achieve some profits.
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Asides the Made in America as a category, there is also a token called MIA that is Made in America recently launched not on CEX but some people were able to cash in on it’s value.
Yes, it is true, there is a "Made in America" token, but I think this has nothing to do with the topic officially, anyone can make any token, but that does not mean that it has value or that it has anything to do with this new category "Made in America".
This always happens, when any trend appears in the market, some people exploit the trend and create a meme immediately to benefit from the trend, so I think this type of token aims to exploit the "Made in America" trend to achieve some profits.
Yes but if you do research do you find out where it was made? Also while tax breaks are promised they are not delivered as of today.
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I think most of the tokens that used to claim to be GameFi, AI, Memecoin will start redefining themselves as “Made in USA” tokens.
If they do, will they be zero tax?
The term is very broad and is further proof that most altcoins are centralized.
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I think most of the tokens that used to claim to be GameFi, AI, Memecoin will start redefining themselves as “Made in USA” tokens.
If they do, will they be zero tax?
Only if they would prove they are an American company, based in the US and subject to US laws.
For the ones already there it would be impossible as they have already got capital from outside and for the new generation of memecoin and other pumps and dumps it would be a bit troublesome for mostly nothing, as they really don't care that much about what taxes the customer pays.
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Yes but if you do research do you find out where it was made? Also while tax breaks are promised they are not delivered as of today.
Yes, you need to do some research to find out where the token was made, but I think after this new category, all new tokens made in the US will have “Made in USA” in their profile, and these new tokens with the “Made in USA” tag will be added to CoinGecko and the list will be updated.
As for the tax exemption promises, yes, they are still just promises and we have to wait for them to be implemented along with Trump’s other promises.
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Is this an independent idea coming from Coingecko, or will someone from Trump's team present this idea to the Coingecko team by creating a category for the US-based coins/tokens They will have an edge from developers outside of the US jurisdiction, and of course the tax exemption is a big factor.
Investors will likely add this parameter when thinking of investing on one coin they want to invest in.
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Is this an independent idea coming from Coingecko, or will someone from Trump's team present this idea to the Coingecko team by creating a category for the US-based coins/tokens They will have an edge from developers outside of the US jurisdiction, and of course the tax exemption is a big factor.
Investors will likely add this parameter when thinking of investing on one coin they want to invest in.
I will continue with doge so since doge was usa based if the cap gains on it are tax free it would be a good score for me already.
we will need time to see how this unfolds the title is terrible for this thread. as nothing has happened at all but some idle talk. XRP may get a tax break and DOGE may get a tax break but no real substance is here at all.
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OK what about Dogecoin then?
Dogecoin was invented by some American dude in his basement as a joke.
That means it is Made in USA.
Litecoin by Charlie Lee is also made in USA.
Even ETH and Cardano are made in USA.
Even fucking $BASE and USDT are made by an American company too.
You can't cry "Made in USA" and then say it only applies to Ripple. That's favoritism.
XRP bros are going to be very disappointed when the Strategic Bitcoin Reserve bill passes.
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XRP bros are going to be very disappointed when the Strategic Bitcoin Reserve bill passes.
Well, don't be so sure.
Unlike Bitcoin and Doge who's founders are not cozying up to Trump, the guys running XRP are having some full pockets put aside for this.
Remember the guy who is going to sign that is the one that launched two meme coins that were total rug pulls, so I'm willing to bet the places in that reserve, if ever, will go to the highest bidder.
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What do you think of this move? Will it reflect positively on the crypto community or will it have a negative impact on decentralization?[/size]
None of those coins are really decentralized.
The only decentralized coin is bitcoin. All other coins are basically companies, all of them have CEO, employers, etc
Anyway, it is very interesting to see this new category Top USA Coins. I am impressed by the list, and I didn`t know SOLANA was a USA coin. This is certainly bullish for solana.
Mate, I have a different opinion concerning your thoughts about decentralization, just as you said that bitcoin is the only decentralized coin, i think that bitcoin was also invented by some person(s), though with an unknown identity, but the probability of the inventors unmasking himself or themselves may not be rule out completely in the future.
However, i think that decentralization remains the same across many coins/tokens irrespective of the identity of the inventors or founders of the projects.
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However, i think that decentralization remains the same across many coins/tokens irrespective of the identity of the inventors or founders of the projects.
Do you think this is decentralization?
https://en.cryptonomist.ch/2025/01/21/vitalik-reaffirms-the-exclusive-leadership-in-the-ethereum-foundation/
This is ethereum, the most decentralized coin after bitcoin... basically vitalik's blockchain.
There isn't such authority in bitcoin protocol.
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However, i think that decentralization remains the same across many coins/tokens irrespective of the identity of the inventors or founders of the projects.
Do you think this is decentralization?
https://en.cryptonomist.ch/2025/01/21/vitalik-reaffirms-the-exclusive-leadership-in-the-ethereum-foundation/
This is ethereum, the most decentralized coin after bitcoin... basically vitalik's blockchain.
There isn't such authority in bitcoin protocol.
Yes I agree with @bitmover about Bitcoin being the only fully decentralized coin and the main reason is the absence of Satoshi, if he was there there would be a suspicion of centralization of Bitcoin and governments would have forced it to do things that the Bitcoin community hates.
Take for example DEX it is already decentralized where you can exchange any coin decentralized from your wallet on the network immediately without third party mediation, but despite that these DEX have owners and they are subject to the conditions of governments and a large part of them have started imposing KYC and AML, so where is the alleged decentralization?
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However, i think that decentralization remains the same across many coins/tokens irrespective of the identity of the inventors or founders of the projects.
Do you think this is decentralization?
https://en.cryptonomist.ch/2025/01/21/vitalik-reaffirms-the-exclusive-leadership-in-the-ethereum-foundation/
This is ethereum, the most decentralized coin after bitcoin... basically vitalik's blockchain.
There isn't such authority in bitcoin protocol.
Yes I agree with @bitmover about Bitcoin being the only fully decentralized coin and the main reason is the absence of Satoshi, if he was there there would be a suspicion of centralization of Bitcoin and governments would have forced it to do things that the Bitcoin community hates.
Take for example DEX it is already decentralized where you can exchange any coin decentralized from your wallet on the network immediately without third party mediation, but despite that these DEX have owners and they are subject to the conditions of governments and a large part of them have started imposing KYC and AML, so where is the alleged decentralization?
The app of those dex is indeed decentralized as it will always be running in the blockchain and cannot be stoppage.
However, we need a front end website to access it, and this is where regularors will impose AML KYC and all that shit .
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OK what about Dogecoin then?
Dogecoin was invented by some American dude in his basement as a joke.
That means it is Made in USA.
Litecoin by Charlie Lee is also made in USA.
Even ETH and Cardano are made in USA.
Even fucking $BASE and USDT are made by an American company too.
You can't cry "Made in USA" and then say it only applies to Ripple. That's favoritism.
XRP bros are going to be very disappointed when the Strategic Bitcoin Reserve bill passes.
Yeah doge will really take off if idea is true. true time will tell. .
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https://en.cryptonomist.ch/2025/01/21/vitalik-reaffirms-the-exclusive-leadership-in-the-ethereum-foundation/
This is ethereum, the most decentralized coin after bitcoin... basically vitalik's blockchain.
And you just found out that? ;D
There isn't such authority in bitcoin protocol.
Well.....there is...
Cause you see both segwit and more recently rbf was pushed by a team of people, it's not a one-man decision but still, if the current devs don't want to implement something, well, it doesn't get implemented no matter how many bitcoiners want this, same for the things we might not want but get done! Less centralized but it's not like some perfect democracy where everyone gets a saying.
And no, don't say anything about anyone able to fork their version cause that's what eth classic was.
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Mate, I have a different opinion concerning your thoughts about decentralization, just as you said that bitcoin is the only decentralized coin, i think that bitcoin was also invented by some person(s), though with an unknown identity, but the probability of the inventors unmasking himself or themselves may not be rule out completely in the future.
However, i think that decentralization remains the same across many coins/tokens irrespective of the identity of the inventors or founders of the projects.
I don't think you know what decentralization is. If the coder can control a token/coin and they have pre-mined tokens, that is not decentralized. If developers can change the supply limit and increase it whenever they want without forking the coins, that is not decentralized. You need to learn about it. Not only that, anyone can code an improvement for Bitcoin, and the community can decide what to do. But when it comes to other coins/tokens, have you ever seen that community can decide what to do with the token?
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I fixed title as Trump may exempt xrp from taxes.
He may also exempt doge and many other made in the USA coins.
As for decentralization it is of no importance as this is about USA made coins getting a tax break and no coin officially gets a break yet.
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As for decentralization it is of no importance as this is about USA made coins getting a tax break and no coin officially gets a break yet.
Yeah, I agree, decentralization is not important here.
The concept of a "made in USA" coin is based in the idea that the main people behind the project are American, so I don't think decentralization is even possible here.
a complete decentralized cryptocurrency is world wide, not restricted to USA
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As for decentralization it is of no importance as this is about USA made coins getting a tax break and no coin officially gets a break yet.
Yeah, I agree, decentralization is not important here.
The concept of a "made in USA" coin is based in the idea that the main people behind the project are American, so I don't think decentralization is even possible here.
a complete decentralized cryptocurrency is world wide, not restricted to USA
Exactly that. It is also in the let's throw a lot of darts at the wall and see what sticks stage.
If they give it to Doge = a score for me.
If they give it to LTC = a score for me.
If they give it to Solana = a score for me.
Ripple = I get hurt
Eth = I get hurt
BTW I do not think they can claim BTC was made in the USA basically because satoshi is unknown
So it could be a way to attack BTC if they give it to ripple.
and they have not given it to any coin despite the Title of the thread.
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I fixed title as Trump may exempt xrp from taxes.
He may also exempt doge and many other made in the USA coins.
Wait till he slaps tariff on any coin that is not made and mine in the USA ;D
You bought ETH from a Canadian guy, that's 25% plus another 25% lu s10% from being unpatriotic.
Were your Bitcoins first mined in China? 25%
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Well.....there is...
Cause you see both segwit and more recently rbf was pushed by a team of people, it's not a one-man decision but still, if the current devs don't want to implement something, well, it doesn't get implemented no matter how many bitcoiners want this, same for the things we might not want but get done! Less centralized but it's not like some perfect democracy where everyone gets a saying.
And no, don't say anything about anyone able to fork their version cause that's what eth classic was.
The bitcoin organization on github has rolling membership based on who is an active contributor to the repository. There are no members emeritus like in the ETH Foundation, so you can be sure that changes are being developed by people who actually work on the code.
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Is this an independent idea coming from Coingecko, or will someone from Trump's team present this idea to the Coingecko team by creating a category for the US-based coins/tokens They will have an edge from developers outside of the US jurisdiction, and of course the tax exemption is a big factor.
Investors will likely add this parameter when thinking of investing on one coin they want to invest in.
I think this idea is unnecessary, cryptocurrency is a community driven ecosystem, there shouldn't be segregation of US brand on coins/tokens, it doesn't make sense to me. wherever this idea is coming, whether coinGecko team or the Trump's team, is irrelevant and this will not in any way contribute to the growth and developments of these US based coin/tokens in my opinion.
There should be a level playing ground for all coins/tokens investments on all region to enhance token demands globally.
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I fixed title as Trump may exempt xrp from taxes.
He may also exempt doge and many other made in the USA coins.
Wait till he slaps tariff on any coin that is not made and mine in the USA ;D
You bought ETH from a Canadian guy, that's 25% plus another 25% lu s10% from being unpatriotic.
Were your Bitcoins first mined in China? 25%
yeah thats right. check out my poll and you will see he is still losing to joe biden when it comes to btcs ath.
https://www.altcoinstalks.com/index.php?topic=327800.msg1710556#msg1710556
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Is trump also mentioning tax exemptions for solana?
That would make perfectly sense as it is also USA based, and would certainly be bullish
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Is trump also mentioning tax exemptions for solana?
That would make perfectly sense as it is also USA based, and would certainly be bullish
I stack some Solana lets hope it whales