Florida Proposes Eliminating Capital Gains Tax on Bitcoin, XRP, and Stocks

Florida is taking a bold step towards revolutionizing cryptocurrency taxation by proposing legislation to eliminate state-level capital gains tax on Bitcoin, XRP, and stocks. This bill, spearheaded by Governor Ron DeSantis’ Republican administration, would incentivize investment in these asset classes while setting an example for other states across the U.S., potentially driving wider adoption of cryptocurrencies nationwide.