Yat Siu: Suggests adopting more inclusive measures to attract foreign cryptocurrency companies to invest in the U.S., rather than implementing differentiated tax policies solely based on the location of token issuance.

According to Deep Tide TechFlow, on January 26, Yat Siu, Chairman of Animoca Brands, commented on Trump's plan to exempt domestic cryptocurrencies from taxes in the United States. He pointed out that there are multiple issues with this plan: first, most token foundations are registered in Switzerland, the Cayman Islands, or Singapore; second, the origin of Bitcoin is unknown, and most mining occurs outside the United States; moreover, the decentralized nature of blockchain is essentially borderless.

Yat Siu emphasized that due to prior SEC regulation, U.S. institutions have almost all issued tokens offshore. He suggested attracting foreign crypto companies to invest and build in the U.S. by implementing inclusive tax incentives to create job opportunities, rather than simply applying differentiated tax policies based on the location of token issuance.