COINDESK DAILY: Will Trump Make 'American' Crypto Tax Free?

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4.7 • 698 Ratings

🗓️ 27 January 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as Donald Trump's son Eric Trump suggested a plan to erase capital gains taxes on 'American' crypto. The crypto industry is weighing a plan suggested by U.S President Donald Trump's son, Eric Trump, to erase capital gains taxes on 'American' crypto. Plus, China's AI Deep Seek projects rocks tech stocks and bitcoin, and Vituals' AI agents expand to Solana. CoinDesk's Christine Lee presents "CoinDesk Daily." - From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Bitcoin bears have their claws out, Virtual's AI agents head to Solana, and will Trump make
0:05.7	American crypto tax-free?
0:08.3	It's Monday, January 27, 2025.
0:10.9	I'm Christine Lee.
0:12.0	This is CoinDest Daily.
0:18.1	We all want to believe in something.
0:20.1	In Chinese, belief also means trust. We want to trust our systems and each other, so we can build a future beyond what we know.
0:28.3	Join us at Consensus Hong Kong, where belief becomes real. Bitcoin rebounding from below $100,000 Monday morning as traders digest information about the cost
0:39.8	and capabilities of China-based DeepSeek, which has disrupted the artificial intelligence world
0:45.2	because of its hyper-efficient model that competes with open AI, but was built at a fraction of the
0:51.0	cost. Many AI tokens are down as a result per coin gecko data, with the sector
0:56.4	deeper in the red than the CoinDusk 20. Meanwhile, U.S. stocks are falling and traders are taking
1:01.6	profits ahead of the first U.S. FOMC meeting this year on January 28th and 9th, where there
1:07.2	is no expectation of a rate cut. Virtuals, the largest AI agent launchpad, is expanding into Solana as part of its efforts to drive innovation across multiple ecosystems.
1:18.9	As part of the expansion, they're converting 1% of training fees to Seoul, creating a Salana Strategic Reserve to support and reward agents.
1:27.2	They're also launching a Meteora pool
1:29.2	to improve liquidity and initiating grant and hackathon programs to attract developers. Virtual's
1:35.5	token-powered AI agents are already transacting on Coinbase's base protocol. Supporters say this
1:41.7	expansion will take token-powered AI agents closer to transacting in a multi-chain future.
1:48.0	Will US President Donald Trump make American cryptocurrencies tax-free?
1:52.0	Apparently, Eric Trump said last December that his father would make so-called American cryptocurrencies made by the likes of Algarand, Cardano, Ripple, and Hedera, free from
2:03.4	capital gains tax. Since Trump has made good on several other crypto-related campaign promises,
	...

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