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On March 7, 2025, President Donald Trump will host the first-ever cryptocurrency summit at the White House, marking a significant moment in U.S. crypto policy. The event is organized by White House AI and Crypto Czar David Sacks, with Bo Hines, executive director of the working group, helping to manage proceedings. This summit highlights Trump’s ongoing push to establish the U.S. as a global leader in crypto innovation. His administration has already demonstrated its commitment to the sector by hosting the first-ever Crypto Ball before his inauguration, creating an SEC task force for crypto regulation, and selecting key assets for the U.S. Crypto Reserve . One of the most highly anticipated discussions at the summit is the proposal to eliminate capital gains taxes on U.S.-based cryptocurrencies. As we reported in January , Eric Trump, son of Donald Trump, hinted that the U.S.-based crypto projects such as Bitcoin (BTC), Cardano (ADA), Algorand (ALGO), Ripple (XRP), Stellar (XLM), and Hedera Hashgraph (HBAR) could be exempt from capital gains taxes marking a shift from current regulations, which impose tax rates of up to 30% on crypto profits. Eric Trump has also publicly praised the advantages of cryptocurrencies, emphasizing their speed and accessibility compared to traditional banking systems. Not everyone is convinced that a zero crypto tax policy is feasible. Adam Cochran, founder of Cinneamhain Ventures, pushed back against the idea, highlighting the legal obstacles on an X post stating “The President can’t unilaterally change the tax code. Only Congress can. It is one of the few Congressional powers expressly laid out in the Constitution.” Cochran further stressed that even if Trump announced the policy or signed an executive order, it wouldn’t automatically become law. He humorously compared it to declaring himself a cupcake, saying, “It would be no more valid than if I declared myself to be a cupcake. No matter what paper I write it on, I am not a baked good with chocolate frosting, and the President cannot simply eliminate capital gains taxes on crypto.” Trump’s newfound embrace of crypto is a sharp contrast to his previous stance, where he infamously dismissed Bitcoin as a “scam.” However, with institutional adoption growing and interest in digital assets increasing, Trump appears eager to position himself as the most pro-crypto US president. While a tax-free crypto environment sounds like a dream for investors, implementing such a policy is far more complex. Eliminating crypto taxes could attract more investments to the U.S., strengthening its position as a blockchain hub. However, it would also create a massive revenue gap, as the IRS collected billions in crypto taxes last year. On the global stage, a zero crypto tax policy could make the U.S. the most attractive destination for blockchain startups and investors.

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SingularityNET, a crucial founding participant of the Artificial Superintelligence Alliance, has started a strategic collaboration with Privado ID, a decentralized identity framework. The partnership aims to build a “Decentralized AI Agent Trust Registry.” The project focuses on the seamless interaction between the AI systems and humans. This strategic collaboration leverages the privacy-first and decentralized credentials of Privado ID. Additionally, it also utilizes the AI expertise of SingularityNET as well as its impending confirmable on-chain credentials and attestations for AI agents. SingularityNET and Privado ID to Develop Decentralized AI Agent Trust Registry SingularityNET considers its latest partnership with Privado ID to be a noteworthy step to streamline AI Agents’ interaction with humans. Both the entities intend to establish a unique Decentralized AI Agent Trust Registry along with the issuing AI Agent Decentralized Identifiers. The AI Agent Trust Registry lets developers deploy diverse AI Agents with confirmable attributes and identities. It uses decentralized identifiers coming from Privado ID as well as verifiable credentials that zero-knowledge proofs secure. As a result of this partnership, consumers can validate the authenticity, fairness, and safety of an agent. This leads to promoting an interoperable and secure AI network. The test of the identity infrastructure of Privado ID and the launch of AI Agent Trust Registry will take place in phases. The first phase will include the Privado ID credentials’ integration with the AIRIS AI Agent. Subsequently, the 2nd phase will cover a scalable registry verifying complicated attributes such as safety and authenticity via privacy-upholding zero-knowledge proofs. Fostering Robust Validation and Wide-Ranging Data Privacy According to SingularityNET, the 3rd phase will explore self-governance ideas dealing with AI Agents. The respective phased approach guarantees resilient validation and comprehensive data privacy. The mutual initiative pays considerable attention to developing an autonomous and robust AI Agent network.

Namada uses a tech called MASP. MASP is a zero-knowledge circuit (zk-SNARK) that works on data protection guarantees. More users putting assets into shielded sets would increase the data protection guarantee for the whole network.

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