US Democratic presidential candidate RobertKennedyJr vowed to exempt crypto from capital gains tax if elected. camomileshumba reports
U.S. Democratic presidential candidate Robert F. Kennedy Jr. vowed to exempt crypto from capital gains tax when it is converted into U.S. dollars if he is elected.
Speaking at a Heal-the-Divide PAC event, he also echoed commitments he made at a conference in May defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation,"The benefits include facilitating innovation and spurring investment, ensuring citizen privacy, incentivizing ventures to grow their business and tech jobs in the United States rather than in Singapore, Switzerland, Germany and Portugal,” he said, according to the report.
The Internal Revenue Service treats crypto as property and investments rather than currency, which means it is subject to
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