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

A bold new tax proposal is gaining momentum in the U.S., threatening to upend how investors are taxed on everything from crypto to real estate. 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. 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. Reporter at Coindoo Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/upcoming-u-s-legislation-targets-0-tax-on-profits-from-bitcoin-xrp-and-stocks/