擬議的零資本收益稅：公司加密貨幣的新時代

在最近的一條推文中，Pro-XRP律師約翰·迪頓（John Deaton

Pro-XRP lawyer John Deaton has taken to Twitter to raise important questions about the U.S. government’s proposed zero capital gains tax on cryptocurrency projects, highlighting which companies might benefit the most from the policy. While he’s concerned about how international projects like Solana and Tezos will be impacted, Deaton points out the potential for U.S.-based companies like Ripple, Gemini, and ConsenSys to take advantage of the tax breaks. But he also explores the broader implications of corporations adopting cryptocurrencies as part of their treasury strategies, including whether such approaches would qualify businesses for tax benefits under the new framework.

Pro-XRP律師約翰·迪頓（John Deaton）已登上Twitter，提出了有關美國政府對加密貨幣項目的零資本利得稅的重要問題，強調了哪些公司可能從該政策中受益最大。儘管他擔心Solana和Tezos等國際項目將如何受到影響，但Deaton指出了像Ripple，Gemini和Consensys這樣的美國公司利用稅收減免的潛力。但他還探討了採用加密貨幣作為其國庫策略的一部分的公司的廣泛含義，包括這種方法是否有資格在新框架下有資格獲得稅收優惠。

Deaton makes a key observation about how businesses, especially large corporations, might integrate digital assets like Bitcoin, XRP, and HBAR into their financial strategies. The proposed zero capital gains tax could make these digital currencies an attractive option for companies to hold as part of their treasury reserves. If companies can hold Bitcoin or XRP without facing tax penalties on capital gains, it would reduce the financial barriers to adopting cryptocurrencies as a reserve asset.

Deaton對企業（尤其是大型公司）如何將比特幣，XRP和HBAR等數字資產整合到其財務策略中的關鍵觀察。擬議的零資本利得稅可能會使這些數字貨幣成為公司作為財政儲備的一部分的有吸引力的選擇。如果公司可以持有比特幣或XRP而不面臨對資本收益的稅收罰款，則將減少採用加密貨幣作為儲備資產的財務障礙。

For example, companies like MicroStrategy, which has made headlines for its substantial Bitcoin holdings, could stand to benefit immensely from this tax exemption. Being one of the first movers in integrating Bitcoin into its balance sheet, MicroStrategy could expand its crypto reserves even further, strengthening its position in the market without the burden of incurring additional tax liabilities.

例如，像MicroStrategy這樣的公司成為其大量比特幣持有的頭條新聞，可以從這種免稅中受益匪淺。作為將比特幣整合到資產負債表中的首批移動者之一，MicroStrategy可能會進一步擴大其加密儲備，從而加強其在市場上的地位，而不會承擔額外的稅收負債。

Similarly, other companies—such as Ripple, Gemini, and ConsenSys—which are already deeply involved in the cryptocurrency space, might be driven to increase their crypto holdings or add more digital assets to their balance sheets. This could pave the way for greater institutional adoption of cryptocurrencies as reserve assets, marking a new chapter for the crypto space in the corporate landscape.

同樣，其他公司（例如Ripple，Gemini和Consensys）已經深深地參與了加密貨幣領域，可能會被驅動以增加其加密貨幣持有量或為其資產負債表添加更多的數字資產。這可能為更大的機構採用加密貨幣作為儲備資產鋪平道路，這標誌著公司景觀中加密貨幣空間的新篇章。

Deaton also suggests that the proposed tax exemption could lead to broader adoption of cryptocurrencies by encouraging other corporations to include digital assets like Bitcoin, XRP, and HBAR in their balance sheets. As the zero capital gains tax makes it more financially viable to hold cryptocurrencies, companies that may have been on the fence about investing in digital assets could now find it more attractive. This shift could go a long way in legitimizing cryptocurrencies and accelerating their mainstream integration into corporate financial strategies.

Deaton還建議，擬議的免稅可能會通過鼓勵其他公司在其資產負債表中包括比特幣，XRP和HBAR等數字資產，從而導致更廣泛地採用加密貨幣。由於零資本利得稅使持有加密貨幣在財務上更可行，因此可能已經在投資數字資產的柵欄上的公司現在可能會發現它更具吸引力。這種轉變可能會大大使加密貨幣合法化並加速其主流整合到公司財務戰略中。

By offering an incentive for businesses to treat digital currencies as long-term holdings, the proposed tax break could catalyze the growth of institutional investment in the space, ultimately boosting the overall adoption of cryptocurrencies across industries.

通過激勵企業將數字貨幣視為長期持股，擬議的稅收減免可以促進該領域的機構投資的增長，最終促進了整個行業的加密貨幣的總體採用。

Despite these promising benefits, Deaton stresses the need for clear and precise guidelines on how the proposed tax exemptions will apply to businesses, especially those that incorporate cryptocurrencies into their corporate strategies. There’s still some uncertainty about which companies and strategies will qualify for the tax exemption. For instance, will companies like MicroStrategy, with a clear focus on Bitcoin as a reserve asset, qualify, or will projects with international operations encounter complications due to jurisdictional issues?

儘管有這些有希望的好處，Deaton還是強調需要明確，精確的準則，即擬議的免稅將如何適用於企業，尤其是那些將加密貨幣納入其公司戰略的企業。對於哪些公司和策略有資格獲得免稅的資格仍然存在一些不確定性。例如，像MicroStrategy這樣的公司會明確關注比特幣作為儲備資產，合格的，還是由於管轄權問題而遇到國際運營的項目會遇到並發症？

Clear definitions and criteria are essential for ensuring that the policy is applied fairly and consistently across the industry, providing companies with the confidence they need to adopt cryptocurrencies as part of their financial operations.

明確的定義和標準對於確保整個行業公平，一致地應用該政策至關重要，這使公司充滿信心地採用加密貨幣作為其財務運營的一部分。