Odaily News John E Deaton, a lawyer who supports cryptocurrencies, commented on the news that "US crypto projects may enjoy zero capital gains tax" on X, saying that if the policy is to be implemented, it is still necessary to clarify which crypto projects should be considered to be located in the United States and what the requirements are for being based in the United States. Take Solana as an example. Although Solana Labs is headquartered in San Francisco, the Solana Foundation is headquartered in Geneva, Switzerland.
XTZ: Developed by Arthur and Kathleen Breitman and based in the United States, while the Tezos Foundation is based in Switzerland.
On the surface, XRP, XLM, HBAR, XCH, and AVAX all appear to qualify.
In addition, it remains to be clarified whether US companies involved in cryptocurrencies and crypto mining companies, or even other US companies that adopt BTC and/or crypto reserve policies, will also use this tax reduction policy.