Florida Proposes Zero Capital Gains Tax on XRP and Bitcoin
- The Kennedy Journal
- May 26
- 1 min read
Yes you read that correctly, Florida has proposed a bill to eliminate state-level capital gains tax on XRP, Bitcoin, and traditional stocks, as reported by multiple sources today, May 26, 2025.
If passed, this would make Florida the first U.S. state to offer a 0% capital gains tax on these assets at the state level, though federal capital gains taxes would still apply.
The initiative aims to boost crypto adoption and position Florida as a hub for digital innovation, potentially attracting investors and businesses. However, the bill is still under consideration, and details on its legislative progress or timeline for passage are not yet clear.
Some analysts suggest this could drive Bitcoin prices toward $135,000 and increase interest in XRP. Critics and anti-crypto media note potential challenges with tax compliance and federal regulation disparities.
