U.S. Crypto Tax Exemptions Questioned
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Business & Economics
John Deaton Raises Key Questions on U.S. Crypto Projects and Tax Exemptions
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Pro-XRP lawyer John Deaton has raised critical questions regarding tax exemptions for U.S.-based cryptocurrency projects and companies.
Deaton highlighted the potential for tax incentives to drive broader adoption of cryptocurrencies as corporate treasury reserve assets.
He questioned whether projects with operations or foundations abroad, such as Solana and Tezos , would meet the requirements for tax exemptions.
The tax breaks could incentivize other companies to adopt cryptocurrency as a treasury reserve asset.
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