A Bold Crypto Tax Shift from the Sunshine State
Florida has just proposed a game-changing bill that would eliminate capital gains taxes on Bitcoin, XRP, and traditional stocks for residents. If passed, this legislation would make Florida the first U.S. state to offer a 0% capital gains rate on both digital and traditional assets. While federal capital gains taxes would still apply, this bill could position Florida at the top of crypto-friendly jurisdictions nationwide.
The move is seen as a strategic play to compete with other “no-tax” crypto regions like Texas and Wyoming. “Florida’s new tax policy aims to attract retail investors and institutional players,” the proposal reads, targeting both crypto whales and average retail users.
Bitcoin Bulls Eye $135K Target as Florida Backs the Rally
This legislative push comes as analysts forecast Bitcoin could hit $135,000 within the next 100 days. A zero state-level capital gains tax could be the boost that helps drive price momentum. On-chain data shows rising wallet activity and declining exchange reserves, two strong indicators of long-term holding and bullish sentiment. Despite market dips that could temporarily send BTC back to $90,000, the technical charts remain bullish, reinforcing the credibility of the $135K target.
Traditional Markets Included in Florida’s Big Bet
What sets this proposal apart is that it’s not just about crypto. Stocks and other traditional investments would also benefit from the same zero capital gains tax. This dual focus sends a clear message: Florida wants to be the center of all investment innovation, not just in Web3.
It could spur institutional migration to Florida, especially for firms that manage both crypto and equity portfolios.
Will Other States Follow Florida’s Lead?
With this announcement, Florida joins the ranks of states pushing for competitive regulatory frameworks. Already, lawmakers in Wyoming, Arizona, and New Hampshire are drafting similar crypto tax reform bills. This could signal the beginning of a nationwide policy shift toward more favorable crypto treatment.
As the federal government watches closely, Florida’s lead could influence national regulation, particularly in an election year where crypto has become a hot topic
