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Dogecoin Foundation Challenges Trump’s Crypto Tax Preferences

  • Dogecoin Foundation challenges the policy rumored to eliminate capital gains taxes on US-issued cryptos.
  • The foundation argues that ignoring coins backed by non-US-based companies would result in choosing network winners based on policy and preference, potentially leading to crony capitalism.
  • Elimination of capital gains taxes could benefit Cardano (ADA), Solana (SOL), and Constellation (DAG) as investors may be driven towards these assets.
  • The policy is aimed at pushing investors from traditional markets to crypto and could trigger a massive capital flow into tax-free crypto projects in the US.

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