🚨BREAKING: President Trump wants to eliminate all capital gains taxes on Cryptocurrencies issued by U.S. companies
This would ultimately make all profits Americans make on holding crypto assets such as $ADA $ALGO $XRP and $HBAR fully tax free, as their creators are U.S. companies.
The source claims that the legislation requires the companies to have been registered as entities in the country before having issued the crypto assets, yet there will be a path to relocate businesses with existing crypto assets on the market to the United States.
This strategy is part of the broader goal of the Trump administration to make America the crypto capital of the world.
Source: Member of Trump Transition Team
— Effectively, this would make ‚made in America‘ cryptocurrencies the most logical investment for US citizens as they’d not have to spend up to 37% taxes on their gains. It could totally reshape the crypto market.
Supermicro $SMCI submitted a filing to the SEC today stating that it would not be able to meet the Nov 16th deadline for its 10-Q report without unreasonable effort or expense.
As it stands now, SMCI will get delisted from the NASDAQ for violating their disclosure rules.
With $BTC now at $90k, traders are wondering if this growth can sustain through the New Year.
Not only does it seem likely that bitcoin will hit $100k, but $120k is on the table as crypto tends to follow Santa Rally bull market trends.
BTC is up 44% in the last 30 days.
With no debt and over $230 million in cash, Hims $HIMS & Hers is financially solid and very profitable. They're projecting $220 million EBITDA and $170 million free cash flow in 2025.
Dogecoin $DOGE is already starting to see sell offs after is meteoric rise to $0.44 this week following Trumps announcement of the new Department of Governmental Efficiency (DOGE)
Dogecoin is up 224% on the month.
It's unsurprising that Spirit $SAVE is filing for bankruptcy.
- They've been losing money since 2020
- Failed to merge twice
- Maxed out their $300M credit line
- Cost exactly the same as regular airlines if you bring a carry-on or ask for water
Spirit Airlines is filing for bankruptcy after their merger with Frontier Airlines $ULCC fell through.
This is directly following an incident yesterday where Haitian gangs shot one of their planes, injuring a flight attendant.
Looks like nothing can $SAVE Spirit.
$TSLA losing much of its progress gained over the last two days, resetting to 331 after an eye watering run up to 366. The stock is still up 34% on the week.
We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years. We estimate the AI/autonomous opportunity is worth $1 trillion alone for Tesla🔥🏆🐂
Now countries who could someday run afoul of the United States like China and India, have started stockpiling gold attempting to move away from their dependance on the US dollar.
Newer intergovernmental organizations like BRICS are designed to allow these countries to trade without using fiat.
In April 2023 the US passed the REPO Act, which allowed the US to seize frozen Russian assets and resulted in $5B additional aid for Ukraine.
This move was unprecedented and has shaken the global community's faith in the US Dollar as reserve currency.