According to Deep Tide TechFlow, on January 26, The Street reported that Eric Trump, the son of former President Donald Trump, recently confirmed that domestic cryptocurrency projects in the U.S., such as XRP and HBAR, will enjoy zero capital gains tax, while non-U.S. projects will face a tax rate of 30%.

At the same time, Senator Ted Cruz plans to challenge a controversial IRS rule that requires DeFi brokers to report user data and transaction income using the Congressional Review Act. Cruz believes that this rule hinders innovation, infringes on privacy, and increases the compliance burden on decentralized platforms.