拟议的零资本收益税：公司加密货币的潜在转折点

在最近的一条推文中，Pro-XRP律师约翰·迪顿（John Deaton）提出了有关美国政府提议的零资本利得对加密货币项目的潜在影响的关键问题。

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律师约翰·迪顿（John Deaton）已上Twitter分享了他对美国政府提议的零资本利得对加密货币项目的潜在影响的看法。尽管他对索拉纳（Solana）和Tezos等国际运营项目的影响可能受到影响，但Deaton还强调了美国公司（如Ripple，Gemini和Consensys）的潜在好处。他建议，这些公司可以从拟议的政策下的免税中受益匪浅，这可能会推动其加密货币持有的增长。

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还指出了另一个关键问题：公司采用比特币，XRP和HBAR等加密货币作为其财政部储备的一部分的潜力。他质疑选择将数字资产集成到其公司国库策略中的企业是否有资格根据新政策获得税收优惠。

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的担忧围绕采用比特币，XRP和HBAR作为公司的储备资产等数字资产的广泛含义。如果公司可以在不产生资本利得税的情况下将这些加密货币持有其公司国库，它可以激励大型机构将数字货币整合到其财务策略中。这将标志着企业如何看待加密货币的重大转变，不仅仅是投机性投资，而是类似于现金或债券的合法储备资产。

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，像特斯拉这样的公司已经在比特币上进行了大量投资，可以扩大其持股，而不必担心对未来利润的资本利得税。同样，像Ripple，Gemini和Consensys这样的公司更直接地与加密货币联系在一起，可能会看到更多的激励措施扩大其加密货币持有量，尤其是在可免税的情况下。

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质疑持有加密货币作为其财政部储备的一部分的公司是否有资格在新政策下获得拟议的税收优惠。如果企业可以将数字资产（如比特币或XRP）视为长期持股而不面临对资本收益的税收罚款，则可能导致公司之间广泛采用加密货币。该策略可以为公司提供明显的财务优势，从而使他们能够建立更大的数字资产投资组合，而无需过多税。

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.

对于XRP，HBAR和其他用于更快，低成本交易的加密货币，这种采用可以使它们成为大型公司更具吸引力的替代品，从而进一步提高了他们的市场采用和需求。

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.

尽管免税对采用数字资产的公司带来了潜在的好处，但Deaton强调清晰度至关重要。没有明确透明的指导方针，即如何将税收政策应用于拥有加密货币作为财政部储备的公司，市场可能会有很大的不确定性。具体而言，需要明确的定义，即此类策略是否确实有资格获得税收优惠，以及某些项目，尤其是具有全球运营的项目是否会因管辖权并发症而被排除。

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.

约翰·迪顿（John Deaton）的见解提供了关于拟议的零资本利得税如何影响加密货币行业的宝贵观点，尤其是在公司采用和国库策略的背景下。他的分析强调了潜在的含义，并提出了关键的问题，随着政策的制定和实施，需要进一步讨论和澄清。