First state to potentially remove capital gains tax on Bitcoin, XRP, stocks

Stocks and Investing
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First state to potentially remove capital gains tax on Bitcoin, XRP, stocks

_{//stocks-investing.news-articles.net/content/202 .. ove-capital-gains-tax-on-bitcoin-xrp-stocks.html}
^{Published in Stocks and Investing on Sunday, May 11th 2025 at 10:21 GMT by TheStreet}

Missouri is on the brink of eliminating capital gains tax entirely, a move that could reshape investment incentives for crypto and stock traders.

The state of South Dakota is considering a bill that would eliminate capital gains taxes on various assets including Bitcoin, XRP, and stocks, potentially becoming the first state in the U.S. to do so. This legislative move, proposed by Representative Tyler Tordsen, aims to attract more investment and businesses to the state by offering a more favorable tax environment. The bill has garnered support from the cryptocurrency community and investors, who see it as a significant step towards mainstream adoption of digital assets. If passed, this could set a precedent for other states to follow, reshaping the landscape of investment and taxation in the U.S.

Read the Full TheStreet Article at:
[ https://www.msn.com/en-us/money/other/first-state-to-potentially-remove-capital-gains-tax-on-bitcoin-xrp-stocks/ar-AA1EyRjq ]

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