US Cryptocurrencies Might Get Tax Exemption: Could This Lead to a 40% Surge for XRP, HBAR, and DTX?

There is a strong likelihood that cryptocurrencies originating in the US might be spared from profit taxes, despite existing legal and economic challenges. The current US administration has hinted at introducing a policy aimed at removing capital gains taxes for US-based crypto issuers. 

This proposed policy is seen as part of Donald Trump's broader vision to establish the US as a global hub for crypto. Beneficiaries of this policy would include Ripple (XRP), Hedera (HBAR), and DTX Exchange, an up-and-coming altcoin backed by the DTX Exchange's hybrid trading platform. 

Ripple Investors May Reap Tax Benefits

High-profile assets such as Ripple (XRP) would benefit from this policy, making them exempt from capital gains taxes. This could attract global investors to prominent US-based crypto companies like Ripple, potentially boosting XRP's value. President Trump's strategic policy aims to foster innovation in the US and redirect global investment towards Ripple. 

Currently, XRP is valued at $2.96 and is moving along an upward trendline. It encountered resistance at $3.4 previously, and the price is poised for a potential correction. The bullish momentum appears weak, and XRP must overcome bearish pressures and sell signals to avoid a downturn. If the upward trajectory persists, XRP could challenge the $3.4 resistance level once more. 

XRP's price is also influenced by the ongoing SEC case, and the crypto community anticipates the SEC will drop the case against Ripple as improved regulatory guidelines are now in place. With a new SEC administration, there is hope for a resolution in Ripple's favor, which could propel XRP's price upward once its legal issues are resolved.

Hedera (HBAR) Positioned for Success 

Should Hedera (HBAR) become tax-exempt while non-US-based cryptocurrencies remain taxed, it would gain a distinct advantage in attracting institutional adoption. Hedera (HBAR) is also more likely to be included in the US strategic reserves of digital assets. With its regulatory advantages and unique ecosystem, Hedera (HBAR) could see significant price increases soon. 

Currently trading at $0.31, Hedera (HBAR) experienced a 38% increase earlier this month. On-chain data has fueled optimism among Hedera (HBAR) traders, with Open Interest reaching unprecedented levels and a recent announcement that $3 billion in gemstones and jewelry will be tokenized as real-world assets on the Hedera (HBAR) network. 

DTX Exchange Poised for Listing

DTX Exchange is experiencing remarkable momentum as its token gains traction in the crypto market. In the eighth stage of its presale, the DTX token is priced at $0.16 and has already amassed nearly $13M in funding, continuing its rapid ascent. The DTX token is anticipated to reach $0.2 once listed on major exchanges like Binance and Coinbase. 

DTX Exchange is set to revolutionize trading, modernizing it for the digital finance future. This hybrid platform offers users the ability to trade over 100,000 currency pairs, including gold, stocks, bonds, forex, and crypto derivatives, all in one place. It simplifies trading for individuals currently juggling multiple platforms for asset management. 

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