The post Will Trump Announce Zero Tax Gains in Today’s Crypto Summit Talk? appeared on BitcoinEthereumNews.com.

Cryptocurrencies price are up as traders anticipate pro-crypto remarks from US President Trump today, March 20. Bitcoin price rose to a two-week high of $87,000 before retreating to trade at around $85,250 at press time. XRP led the gains among the top ten altcoins with a 7% rise while Ethereum briefly reclaimed $2,000 before reversing to $1,990. As the crypto summit draws near will Trump’s announcements drive more gains for crypto prices?  Will Trump Announce Zero Tax Gains During Crypto Summit?  Speculation is rife that Trump could make a major announcement at the Blockworks Digital Assets Summit happening in New York. Crypto analyst JackTheRippler opined that the President will announce zero capital gains on USA crypto coins. Walter Bloomberg also noted that Trump would make a “major update” to his crypto strategy.  If Trump imposes zero tax gains on cryptocurrencies, it will boost retail and institutional interest, causing massive price gains. This policy would also make the US a major crypto hub.  Trump’s attendance at this Summit will also mark the first time that a sitting US President is attending a crypto conference. This is fuelling excitement among crypto investors, with Bitcoin price likely to hit $90,000.  The Executive Director of the President’s Working Group on Digital Assets, Bo Hines, was among the speakers at the crypto summit earlier this week. In his remarks, he noted,  “We are looking forward to working with our partners at Treasury, and the Secretary of Commerce in order to find those budget-neutral ways in which we can acquire more [Bitcoin]… We need as much as we can get.”  If Trump provides clarity on how the US will acquire Bitcoin and announces a zero crypto tax policy for US-based coins, cryptocurrencies price will rebound and likely reclaim the $3 trillion market cap.  Cryptocurrencies Price Prediction…

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Filed under: News - @ March 21, 2025 12:26 am