Florida Proposes Elimination of State Capital Gains Tax on XRP

In a groundbreaking move that could significantly reshape the U.S. cryptocurrency landscape, Florida has introduced legislation aiming to eliminate state-level capital gains tax on digital assets, including XRP. This proposal was first highlighted by crypto influencer Amelie, who tweeted: ‘FLORIDA PROPOSES LAW TO ELIMINATE CAPITAL GAINS TAX ON #XRP’. The announcement has sparked excitement within the XRP and broader crypto communities, prompting discussions about how this legislation could position Florida as a frontrunner in cryptocurrency-friendly jurisdictions.