According to The Street, Eric Trump, the second son of Donald Trump, has confirmed that U.S.-based crypto projects such as XRP and HBAR will soon enjoy a zero capital gains tax, while non-U.S. projects will face a 30% capital gains tax. Additionally, Senator Ted Cruz plans to overturn a controversial IRS regulation through the Congressional Review Act, which requires DeFi brokers to submit user data and income reports (Form 1099). Cruz criticized this rule for stifling innovation, invading privacy, and complicating tax reporting.