This Changes Everything….
Tax season—version 2025—is upon us.
And it arrives at exactly the same moment Elon Musk and his team of Blue’s Clues detectives are rifling through the federal government…
Constitutional crisis aside, Elon’s team has cast a great deal of sunshine onto the dark corners in which federal spending is highly suspect. I’m not going to claim fraud, like the Musk-eteers too frequently claim, because, well, fraud has a real definition, and it’s not fraud if the spending is for programs you just so happen to philosophically disagree with…
Nevertheless, as I prepare to fill out my taxes and send money to Uncle Sam, seeing where Sammy’s band of economic dropouts spend the money I bust my butt to earn doesn’t give me much faith in the government’s financial prudence.
I’d like to say, “I’m boycotting taxes until government ends this boondoggle!” But that would probably be a “____ around and find out” moment—for me.
But I do see one potential tax-related bright spot on the horizon that gives me a small bit of hope: D. John Trump’s plans to make crypto profits tax free.
Trump’s move bodes well for my taxes—since so much of my wealth is bound up in crypto.
Better yet, the scheme would mean a certain collection of crypto projects would quite likely see a boom in buyer interest.
See, the only crypto that will qualify for Trump’s 0% tax jubilee are “Made in America” crypto—projects based in the good ol’ U.S. of A.
If Trump gets his way, then the cryptosphere will absolutely see movement out of non-US crypto and into US projects…
But, as Billy Mays used to insist on late-night infomercials, “Wait—there’s more!”
Tax-free crypto is a huge deal.
Like, UUUUGE! (Hear that in your head in Trump’s voice.)
As such, numerous crypto projects are already talking about relocating to America for their own benefit, and for the benefit of those who own their tokens. I know this because those teams are announcing their plans on Twitter…
And that’s another opportunity.
Pick the right non-US crypto project and you could see the price pop noticeably higher when the address changes. Because, as I’ve said, money will now flood into US-based projects.
Moreover, I feel certain that Wall Street will react to 0% Crypto Tax with a slew of new crypto-based ETFs that are built entirely from US-based projects subject to a 0% tax rate. That just means even more demand for those tokens and coins.
The bajillion-dollar question, of course, is: Will Trump’s plan actually pass Congress?
If we had the same Congress we had during Trump’s first term, I’d call it a toss-up. Success would have rested on several Democrats crossing the aisle to vote with Trumpublicans. Some surely would have because they’ve been sweet-talked by the crypto industry and see the technology as an opportunity for America.
But given the decidedly pro-Trump composition of today’s Congress… I’d say the likelihood is pretty close to 1,000%.
I don’t see Trump having any problem pushing this agenda.
It would bolster GOP credentials among the Crypto Bro class—a class of largely millennials and older Gen Zs that clearly helped seal Trump’s electoral victory.
I can’t say when Congress might approve the 0% rate, but I’ll hazard a guess that it happens before lawmakers take their summer recess. They’ll want a nice victory to brag about back in their congressional districts as they prep for the 2026 midterm elections.
Either way, I’d be putting some American-made crypto in my portfolio… which I have actually been doing of late. (In fact, I’ve written a special report all about which crypto I’m choosing… You can find out more when you tune in here.)
Given the speed at which crypto prices can move, there’s big opportunity in betting that DJT gets his way with crypto tax rates.
