Governor Mike Kehoe of Missouri has signed a bill to abolish capital gains tax, making his state the first in the U.S. to do so. The move, now awaiting final approval, is expected to have significant implications for cryptocurrency investors. 🤑 💰 💻 The tax exemption will directly impact profits from stocks, real estate and crypto. This change aligns with economic growth strategies and could attract investments to the state. Governor Kehoe expressed his support for the bill, stating: “I am very supportive of the capital gains tax repeal.” If approved, the tax break would go into effect immediately. Beyond the immediate impact on investors, Missouri’s decision reflects a broader shift in tax policy across states with differing approaches. In contrast, Maryland and Washington have implemented additional capital gains taxes, highlighting partisan differences in fiscal policies between states. The elimination of capital gains tax could boost investor interest in Missouri, particularly for cryptocurrency ventures. However, the potential economic impact remains to be seen. It’s a major decision that will continue to be closely watched across the nation. Read the full article on tokentopnews.com.