Ripple and SEC Reach Settlement AgrMissouri becomes first state in the U.S. to abolish capital gains tax on cryptocurrency profitseement in XRP Lawsuit

The Missouri Legislature passed House Bill 594 on the 9th, and a bill to repeal the state's capital gains tax is awaiting Governor Mike Kehoe's signature. If the bill passes, Missouri will be the first state in the United States to abolish capital gains tax. Governor Kehoe has already expressed strong support for the bill, and it is considered likely to pass.

Because Missouri's tax law does not clearly distinguish between capital gains and income tax, the bill would allow a 100% income tax deduction for capital gains income. This would eliminate state taxes on profits from the sale of assets such as cryptocurrencies, stocks, and real estate.

Currently, in the United States...