ChainCatcher news, according to The Street, Eric Trump, the son of Trump, recently confirmed that domestic crypto projects in the U.S. such as XRP and HBAR will enjoy a zero capital gains tax in the future, while non-U.S. projects will face a 30% tax rate.At the same time, Senator Ted Cruz plans to challenge a controversial IRS rule using the Congressional Review Act, which requires DeFi brokers to report user data and transaction income. Cruz believes this rule hinders innovation, infringes on privacy, and increases the compliance burden on decentralized platforms.

ChainCatcher news, according to CNBC, informed sources revealed that real estate investor Witkoff and Trump Organization Executive Vice President Eric Trump are two decision-makers for the Trump family's crypto project World Liberty Financial. Both companies are new entrants in the crypto industry.CNBC reached out to Eric Trump and Witkoff to inquire about their leadership roles in World Liberty Financial but did not receive an immediate response.A person familiar with the project disclosed that Witkoff has little interest in understanding how the platform works. The source also stated that anyone wanting to learn important details about the platform (including the white paper) is required to sign a non-disclosure agreement. Additionally, Donald Trump is currently not involved in the development of the platform.

ChainCatcher News: Eric Trump, the second son of former U.S. President Donald Trump and current Executive Vice President of the Trump Organization, announced on social media that the cryptocurrency project WLFI is officially launched.