Florida Bill Proposes Zero Capital Gains Tax on Bitcoin, XRP, and Stocks

If passed, Florida would become the first U.S. state to offer zero capital gains tax specifically targeting crypto investors.

The initiative is part of a broader push to position Florida as a hub for digital innovation and investment. Supporters argue the bill could accelerate crypto adoption and attract individual and institutional investors seeking a more favorable tax environment.

However, it’s important to note that while the state tax would be lifted, federal capital gains taxes would still apply.

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The move comes as several states compete to create regulatory and financial incentives for the booming digital asset industry.

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