Pro-XRP ($1.86) attorney John Deaton has raised significant questions regarding which US-based crypto projects would be eligible for proposed zero capital gains tax exemptions. His comments focus on how these exemptions would impact companies with global connections.
Concerns About Tax Policies
Deaton has expressed uncertainty regarding US-based crypto projects, questioning whether those with international operations, such as Solana 
$259 and Tezos, would qualify for tax exemptions. Solana Labs operates out of San Francisco, while the Solana Foundation is based in Switzerland.
Tezos, developed by US-based Arthur and Kathleen Breitman, is governed by the Switzerland-based Tezos Foundation. Deaton pointed out the ambiguities around whether such hybrid structures would be recognized as US-based entities under the new tax policies.
The Impact of Tax Incentives on Crypto Adoption
Deaton emphasized that cryptocurrencies like XRP, XLM ($0.21), HBA...
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