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

[yhiaali3]

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.



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?

[joniboini]

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.

[yhiaali3]

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".

[bitterguy28]

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

[bitmover]

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.

[Stompix]

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  , 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.

[MrSpasybo]

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.

[yhiaali3]

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.

[Zed0X]

Next thing you know, all these made in the US cryptocurrencies will be exclusively traded on US-based exchanges 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)

[bitmover]

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  , 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.

[philipma1957]

where was doge made?

[Stompix]

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.

[yhiaali3]

Next thing you know, all these made in the US cryptocurrencies will be exclusively traded on US-based exchanges 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.

[MrSpasybo]

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.

[Faisal2202]

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.