Upcoming U.S. Legislation Targets 0% Tax on Profits From Bitcoin, XRP, and Stocks

Missouri is on the verge of making tax history. A new bill that just cleared the state legislature could eliminate capital gains taxes entirely, creating a potential haven for crypto traders, equity investors, and real estate sellers.The legislation, known as House Bill 594, now heads to Governor Mike Kehoe’s desk. If signed into law, the measure would provide a full income tax deduction on profits from asset sales — including Bitcoin, XRP, stocks, and property.The timing of the bill aligns with rising market optimism. Bitcoin has surged past $104,000, and XRP is also trending upward, with many investors eyeing Missouri as a potential tax-friendly hub for digital wealth. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: BlockDAG Crosses $7M in Miner Sales While SHIB Prepares 528% Run, BNB Fails Breakout The proposal also comes amid broader discussions on national tax reform. Former President Donald Trump recently floated the idea of replacing income taxes with tariffs, further fueling debate on how the U.S. approaches taxation.Until now, Missouri treated capital gains as regular income, taxing them on a sliding scale up to 4.7%. That meant a six-figure profit could easily translate to tens of thousands of dollars in state tax liability. Under the new framework, those taxes would vanish — a game-changer for high-volume traders and large asset holders.Governor Kehoe has not yet indicated whether he will sign the bill, but if he does, Missouri could set a precedent that other states may soon follow.The post Upcoming U.S. Legislation Targets 0% Tax on Profits From Bitcoin, XRP, and Stocks appeared first on Coindoo.