Trump Advocates for Solana with 0% Capital Gains Tax and $500 Price Target, Says Mechanism Capital’s Andrew Kang

In a recent statement shared on social media, Andrew Kang, a partner at Mechanism Capital, highlighted a provocative suggestion from former President Trump. Kang indicated that Trump is advocating for a U.S.-based project, such as Solana, to establish a 0% capital gains tax. This proposal aims to enhance the investment climate for cryptocurrencies within the United States.

Moreover, Kang mentioned the intriguing prospect of creating a strategic reserve that would encompass SOL, the native token of Solana. He asserted that setting a price target of $500 for SOL this year is within reach, provided the right conditions are met in the evolving crypto landscape. This assertion emphasizes the growing significance of regulatory frameworks and their potential impact on crypto asset valuations.