NAIROBI (CoinChapter.com)— Traders who missed the XRP boom in November may still have a chance to catch the next big move. A rumor suggests President-elect Donald Trump plans to eliminate capital gains taxes on U.S.-issued cryptocurrencies, shifting focus to American-based tokens. If implemented, this policy could flood the market with investments, spotlighting tokens tied to U.S.-based projects as the next big opportunity.
Trump’s Tax Plan Could Spark a U.S. Crypto Frenzy
Trump’s rumored tax plan to remove capital gains taxes on crypto issued by U.S. companies is already generating buzz. The policy aims to attract global crypto companies to the U.S. while giving domestic projects a competitive edge. With over 2,900 U.S.-based companies listed on Crunchbase, the potential pool of beneficiaries is extensive.
If Trump’s proposed reforms take effect, they could turn the U.S. into a global hub for cryptocurrencies. This shift might drive more attention to American tokens like XRP, Circle’s USDC, and Paxos’ PAX, which are already known for their regulatory compliance and strong connections to traditional finance.
Platforms like Upland, which uses the $SPARKLET token in its virtual economy, could also gain momentum under these favorable conditions.
Are U.S.-Issued Tokens the Next Big Opportunity?
Aside from the XRP boom, several U.S.-based cryptocurrencies could experience growth under the proposed tax-free environment. Stablecoins, traditionally tied to the U.S. dollar, remain at the forefront. BlackRock’s involvement in tokenized assets further adds legitimacy to this segment. Flare, another U.S.-linked platform, integrates smart contract functionality, making it a potential standout in decentralized finance.
Gaming and real-world asset platforms like Upland could also thrive. Upland’s $SPARKLET token facilitates transactions in its virtual economy, offering investors exposure to an immersive ecosystem. With over 3.5 million users, the platform’s scalability and partnerships, including one with the NFLPA, add to its appeal.
Hedera, the company behind $HBAR, offers enterprise-grade blockchain solutions and has solid U.S. connections. Stellar’s $XLM, known for its cross-border payment capabilities, also stands to benefit. Both projects have U.S.-based operations that could see heightened interest under Trump’s policy.
Alex noted that these “mature” Layer 1 chains—often dubbed “Dino Coins” by skeptics—are positioned for a resurgence. He emphasized their ability to withstand market volatility and maintain robust ecosystems, making them appealing to investors seeking long-term growth.
For those who missed the XRP boom, the Trump trade narrative offers a promising lens through which to evaluate U.S.-based cryptocurrencies. With regulatory clarity potentially on the horizon, these tokens could redefine the crypto market’s future.
The post Missed XRP Boom? Watch These “Trump Trade” Cryptos Next appeared first on CoinChapter.
