Florida Unveils Bill to Exempt Bitcoin from Capital Gains Tax

Florida lawmakers are proposing legislation that would eliminate the tax burden on capital gains for transactions involving Bitcoin, according to cryptocurrency influencer @pete_rizzo_. This move aims to make Bitcoin more attractive and accessible within the state. The proposal seeks to encourage broader adoption of cryptocurrencies by removing the tax obligation associated with profits from Bitcoin sales. This trend aligns with a larger push by states to establish more favorable environments for crypto businesses, as digital currencies continue to gain traction.