BlockBeats News, January 26th, according to The Street, Eric Trump, the son of former President Donald Trump, recently confirmed that US-based crypto projects such as XRP and HBAR will enjoy zero capital gains tax in the future, while non-US projects will face a 30% tax rate.Meanwhile, 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 hampers innovation, violates privacy, and increases compliance burdens on decentralized platforms.

BlockBeats News Update: On January 21, Bitcoin Magazine CEO David Bailey stated on his social media platforms, "Confirmation has been received that a Bitcoin- or cryptocurrency-related executive order is included in the first 200 executive orders issued after Trump's inauguration. I don't know the specifics of which ones were selected, but good news is on the way."