擬議的零資本收益稅：公司加密貨幣的潛在轉折點

在最近的一條推文中，Pro-XRP律師約翰·迪頓（John Deaton）提出了有關美國政府提議的零資本利得對加密貨幣項目的潛在影響的關鍵問題。

Pro-XRP lawyer John Deaton has taken to Twitter to share his thoughts on the potential impact of the U.S. government’s proposed zero capital gains tax on cryptocurrency projects. While he raises critical questions about how projects with international operations, like Solana and Tezos, might be affected, Deaton also highlights the potential benefits for U.S.-based companies, such as Ripple, Gemini, and ConsenSys. He suggests that these companies could significantly benefit from tax exemptions under the proposed policies, potentially driving growth in their crypto holdings.

Pro-XRP律師約翰·迪頓（John Deaton）已上Twitter分享了他對美國政府提議的零資本利得對加密貨幣項目的潛在影響的看法。儘管他對索拉納（Solana）和Tezos等國際運營項目的影響可能受到影響，但Deaton還強調了美國公司（如Ripple，Gemini和Consensys）的潛在好處。他建議，這些公司可以從擬議的政策下的免稅中受益匪淺，這可能會推動其加密貨幣持有的增長。

However, Deaton also points to another key issue: the potential for corporations to adopt cryptocurrencies like Bitcoin, XRP, and HBAR as part of their treasury reserves. He questions whether businesses that choose to integrate digital assets into their corporate treasury strategies would qualify for tax benefits under the new policies.

但是，Deaton還指出了另一個關鍵問題：公司採用比特幣，XRP和HBAR等加密貨幣作為其財政部儲備的一部分的潛力。他質疑選擇將數字資產集成到其公司國庫策略中的企業是否有資格根據新政策獲得稅收優惠。

Deaton’s concerns center around the broader implications of adopting digital assets like Bitcoin, XRP, and HBAR as reserve assets for corporations. If companies can hold these cryptocurrencies in their corporate treasuries without incurring capital gains taxes, it could incentivize large institutions to integrate digital currencies into their financial strategies. This would mark a significant shift in how businesses view cryptocurrencies—not only as speculative investments but as legitimate reserve assets akin to cash or bonds.

Deaton的擔憂圍繞採用比特幣，XRP和HBAR作為公司的儲備資產等數字資產的廣泛含義。如果公司可以在不產生資本利得稅的情況下將這些加密貨幣持有其公司國庫，它可以激勵大型機構將數字貨幣整合到其財務策略中。這將標誌著企業如何看待加密貨幣的重大轉變，不僅僅是投機性投資，而是類似於現金或債券的合法儲備資產。

For example, companies like Tesla, which have already invested heavily in Bitcoin, could expand their holdings without worrying about capital gains tax on future profits. Similarly, companies like Ripple, Gemini, and ConsenSys, which are more directly tied to cryptocurrencies, might see increased incentives to expand their crypto holdings, especially if tax exemptions are available.

例如，像特斯拉這樣的公司已經在比特幣上進行了大量投資，可以擴大其持股，而不必擔心對未來利潤的資本利得稅。同樣，像Ripple，Gemini和Consensys這樣的公司更直接地與加密貨幣聯繫在一起，可能會看到更多的激勵措施擴大其加密貨幣持有量，尤其是在可免稅的情況下。

Deaton questions whether corporations that hold cryptocurrencies as part of their treasury reserves would qualify for the proposed tax benefits under the new policy. If businesses can treat digital assets like Bitcoin or XRP as long-term holdings without facing tax penalties on capital gains, it could lead to widespread adoption of cryptocurrencies among corporations. This strategy could provide companies with a clear financial advantage, enabling them to build more substantial digital asset portfolios without the burden of excessive taxes.

Deaton質疑持有加密貨幣作為其財政部儲備的一部分的公司是否有資格在新政策下獲得擬議的稅收優惠。如果企業可以將數字資產（如比特幣或XRP）視為長期持股而不面臨對資本收益的稅收罰款，則可能導致公司之間廣泛採用加密貨幣。該策略可以為公司提供明顯的財務優勢，從而使他們能夠建立更大的數字資產投資組合，而無需過多稅。

For cryptocurrencies like XRP, HBAR, and others that are designed for faster, lower-cost transactions, such adoption could position them as more attractive alternatives for large corporations, further boosting their market adoption and demand.

對於XRP，HBAR和其他用於更快，低成本交易的加密貨幣，這種採用可以使它們成為大型公司更具吸引力的替代品，從而進一步提高了他們的市場採用和需求。

Despite the potential benefits of tax exemptions for corporations adopting digital assets, Deaton emphasizes that clarity is essential. Without clear and transparent guidelines on how the tax policy will be applied to companies holding cryptocurrencies as treasury reserves, there could be significant uncertainty in the market. Specifically, there needs to be clear definition on whether such strategies will indeed qualify for the tax benefits and whether certain projects, especially those with global operations, will be excluded due to jurisdictional complications.

儘管免稅對採用數字資產的公司帶來了潛在的好處，但Deaton強調清晰度至關重要。沒有明確透明的指導方針，即如何將稅收政策應用於擁有加密貨幣作為財政部儲備的公司，市場可能會有很大的不確定性。具體而言，需要明確的定義，即此類策略是否確實有資格獲得稅收優惠，以及某些項目，尤其是具有全球運營的項目是否會因管轄權並發症而被排除。

John Deaton’s insights provide a valuable perspective on how the proposed zero capital gains tax could impact the cryptocurrency industry, particularly in the context of corporate adoption and treasury strategies. His analysis highlights the potential implications and raises critical questions that warrant further discussion and clarification as the policy is being shaped and implemented.

約翰·迪頓（John Deaton）的見解提供了關於擬議的零資本利得稅如何影響加密貨幣行業的寶貴觀點，尤其是在公司採用和國庫策略的背景下。他的分析強調了潛在的含義，並提出了關鍵的問題，隨著政策的製定和實施，需要進一步討論和澄清。