- Florida lawmakers want to eliminate the capital gains tax on Bitcoin, XRP and stocks.
- The bill is designed to attract more crypto companies and give investors clear tax rules.
- Federal capital gains taxes won’t change, so the move mainly signals Florida’s support for crypto.
Florida is moving forward as a crypto-friendly state by passing new bills that eliminate tax on capital gains from cryptocurrencies and traditional stocks. In May 2025, Governor Ron DeSantis put forth this bill to strengthen Florida’s position in the digital asset sector by including that no tax would be charged on gains from Bitcoin, XRP, or similar investments.
New Crypto Tax Law in Florida Aims to Spur Investment
The new Bill contains a clause that ensures 0 % of crypto capital gains and traditional stock gains are taxed by state authorities. Although neither income nor capital gains tax is levied in Florida, the bill ensures that cryptocurrencies and stocks are exempt. State officials believe the new rule will give companies and retail investors more clarity and confidence when making financial decisions.
Governor Ron DeSantis, a fan of Bitcoin and digital assets, endorsed the proposal to help attract more blockchain companies and fintech innovators. The state’s leaders expect the policy will give the state an advantage over others by imposing taxes on crypto for newcomers. However, the proposal does not change federal capital gains taxes and continues to apply to all U.S. residents.
With clear tax rules for Bitcoin, XRP, and stocks, the state may attract more businesses and become a popular hub for cryptocurrency companies. According to analysts, clear rules for stablecoins would attract more institutional interest from investors and new cryptocurrency startups.
Florida’s Crypto Regulation Shift Fuels Bitcoin Price Speculation
Florida’s zero capital gains proposal arrives as several U.S. states race to implement similar pro-crypto policies. As the bill reduces their tax obligations, investors and businesses will likely adopt digital assets faster. Analysts highlighted that combining such actions with positive technical patterns could lead to bullish Bitcoin price predictions.
Analysts anticipate that Bitcoin could reach $135,000 within the next 100 days, bolstered by growing government approvals and vigorous crypto activity. At press time, Bitcoin trades at $109,718 with prices ranging from $106,802 to $110,078 during a volatile session.
The increase in activity from investors who hold Bitcoin and the drop in exchange reserves are bullish indicators for the price. Investors’ optimism could increase as the new Florida policy lowers state tax uncertainty.
Florida’s move also responds to the global competition among jurisdictions, as countries like the United Arab Emirates attract crypto businesses with zero-tax policies. The state’s clear and direct tax rules on crypto make it more attractive to digital asset players from the U.S. and international digital asset players.
Broader Impact of Florida’s Crypto Tax Legislation
The zero capital gains tax bill would apply to more than just cryptocurrency. It also applies to traditional stock investments reflecting Florida’s desire to become a central hub for financial innovations. When the state provides clear tax rules more investors with focused portfolios may consider investing.
The state’s proposal success could influence national crypto taxation and regulation discussions. Michigan and Texas have established state-level Bitcoin reserves, but Florida’s explicit tax policy directly invites individuals and companies in the sector.
Related Reading | HYPE Surges 300% After Whale Moves Spark $28.4M Profit and Renewed Market Interest