The “Made in USA” Category Transforms as Trump Exempts XRP from Taxes

[philipma1957]

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.

[Rruchi man]

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.

[yhiaali3]

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.

[philipma1957]

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.

[hugeblack]

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.

[Stompix]

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.

[yhiaali3]

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.

[robelneo]

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.

[philipma1957]

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.

[NotATether]

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.

[Stompix]

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.

[Bobcrypto]

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.

[bitmover]

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.

[yhiaali3]

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?

[bitmover]

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 .