Nick Tomaino, the founder of 1confirmation, stated on the X platform that currently 22 countries, including Germany, Hong Kong, and Singapore, have exempted capital gains tax on cryptocurrencies. Tomaino believes that the United States should also join this group to maintain its leadership in innovation and wealth.

PANews reported on December 8 that Nick Tomaino, founder of 1confirmation, posted on the X platform: “Currently, 22 countries including Germany, Hong Kong, and Singapore exempt cryptocurrencies from capital gains tax. This list is still growing, and the United States must join to maintain its leading position in innovation and wealth.”

The founder of 1confirmation calls for the United States to exempt cryptocurrency capital gains tax.