Eric Trump Declares U.S.-Based Cryptocurrencies Exempt from Capital Gains Tax

In a bold move to further support domestic cryptocurrency projects, Eric Trump has recently announced that U.S.-based cryptocurrencies, including XRP, will be exempt from capital gains tax.

Eric Trump has announced that U.S.-based cryptocurrencies, including XRP, will be exempt from capital gains tax. This move is seen as a critical boost to Ripple, particularly as the company looks to outpace international competitors. The favorable tax environment is expected to create a more attractive landscape for U.S. investors to engage with XRP and other American digital assets.

In a recent development, Ripple has secured money transmitter licenses in New York and Texas. These licenses will allow Ripple to offer compliant cross-border payment solutions for banks and crypto businesses, further enhancing its position as a leader in global payments.

With over 55 licenses secured worldwide, including 33 in the U.S., Ripple's commitment to building a more regulated and accessible platform for global payments is evident. This push for compliance could offer significant benefits, especially as Ripple has gained traction among institutional investors.

The XRP token is increasingly seen as a reliable option for cross-border transactions, benefiting from Ripple's expanding regulatory approval.

In other major news in the crypto space, Cardano (ADA) rose 10% in daily trading, reaching $0.9544. The surge comes as Fineqia AG launched its FTSE Cardano Enhanced Yield ETN on the Vienna Stock Exchange.

This exchange-traded note (ETN) gives investors the opportunity to earn yield on their Cardano assets while also benefiting from potential price appreciation.

This marks the first DeFi-based ETN using Cardano, further expanding the appeal of the blockchain in both retail and institutional markets.

In addition to the launch, Cardano's network is preparing for a significant upgrade with an upcoming hard fork to improve blockchain development. As part of this preparation, Upbit, a major exchange, has temporarily suspended ADA transactions to ensure the security of users during the update.

With resistance at $0.98 and the potential for a break above $1.00, Cardano remains a strong player in the crypto market, with $1.32 being a near-term target.

IntelMarkets (INTL) is making waves in the crypto space with its AI-powered trading platform, which aims to bring institutional-grade tools to retail traders.

By incorporating advanced artificial intelligence (AI) technology, IntelMarkets offers users a range of tools and insights that were once only available to professional traders.

The platform features a dual-chain system that combines both Ethereum and Solana blockchains, allowing traders to choose between the stability of Ethereum's DeFi ecosystem or Solana's faster, more affordable transactions. This seamless integration provides traders with the flexibility to deploy a range of diverse strategies.

One of the standout features of IntelMarkets is its use of AI-powered bots, which analyze over 10,000 data points to deliver real-time market predictions and valuable insights. With Real-Time Data Processing technology, IntelMarkets refines trading indicators and processes complex data far beyond the traditional metrics used by other platforms.

Having raised over $7.6 million during its presale phase, the INTL token price has surged by an impressive 810%. Experts predict that the token could soar to $1 by 2025, positioning IntelMarkets as one of the top presale tokens for 2025 and a leader in AI-driven crypto trading.

With security at its core, IntelMarkets uses the QuantumX wallet, a quantum-resistant custody solution, to protect assets from advanced threats. The Route X21 protocol further enhances the platform's security, ensuring future-proof investments.

A Year of Opportunity for Ripple, Cardano and IntelMarkets

As Ripple (XRP) takes strides towards further regulatory compliance in the U.S., Cardano (ADA) continues to gain attention with new developments and the launch of innovative financial products. Meanwhile, IntelMarkets is positioning itself as a leading player in AI-driven crypto trading. Together, these projects present a unique opportunity for investors looking to capitalize on emerging trends in the crypto space. With XRP’s surge and other developments underway, 2025 could be a pivotal year for these digital assets.

As crypto projects continue to evolve and gain mainstream acceptance, these developments highlight just how much potential these cryptocurrencies hold in the coming years. Keep an eye on these projects as they make their mark in the digital asset ecosystem.