8 Best Crypto Projects Developed in the US, There are XLM, HBAR, and XRP

Bittime - Since the US presidential election, the crypto market has seen a surge, with expectations of major changes from the new administration. 

Donald Trump, which is backed by several big figures in the industry, is expected to make significant changes regarding regulations and taxes on crypto profits. 

One area that may be affected is capital gains taxes, which may be waived for cryptocurrencies issued by American companies.

Potential Changes in US Administration and Their Impact

In this guide, we'll explore the US-based crypto market to see which tokens and projects are most likely to benefit from the changes. 

Some prominent names include Ripple (XRP) And Solana (SUN), among many others.

US Based Cryptocurrency Comparison

Based on research, here is a list of the top cryptocurrencies based in the US:

Profitable US Based Crypto Projects

Now that we know the top eight US-based cryptocurrencies, let's look at each one separately and analyze how eliminating capital gains taxes could benefit them.

1. Ripple (XRP) – Top US Crypto with Attractive Growth Potential

Ripple Labs is the largest crypto company founded and based in the US, with a market capitalization of $136.09 billion. 

Ripple (XRP) Headquartered in San Francisco

Headquartered in San Francisco, California, the team consisting of Chris Larsen and Jed McCaleb developed this project as a solution to streamline cross-border payments. 

Known as the $XRP token, Ripple's main appeal lies in its ability to process transactions with minimal fees and quickly.

Ripple (XRP) Long Struggle vs US SEC

The XRP team has been battling the US SEC for the past four years after the regulator sued the company for facilitating the transfer of “unregistered digital assets”. 

Recently, Ripple achieved several wins in this dispute, easing much of the regulatory pressure surrounding the classification of XRP as a security. 

Read too Latest Ripple price to IDR

Ripple (XRP) Potential

These developments position $XRP (and other crypto assets) for further growth, especially if Trump makes good on his promise during the campaign to provide tax exemptions for US-based cryptocurrencies.

With a pro-crypto government and Ripple's focus on financial innovation, XRP could see substantial adoption and price appreciation in the next few years. This cryptocurrency has surged more than 370% since Trump's victory, making it currently the third largest cryptocurrency on the market.

Read too XRP Predicted to Break All Time High (ATH) Before January

2. Solana (SOL) – Fastest Blockchain in the US with a Market Cap of $100 Billion

Solana has been one of the top crypto projects in the US since launching at the height of the 2020 pandemic.

Solana Based in San Francisco

Developed by Solana Labs in San Francisco, Solana is a high-performance blockchain known for its scalability and low fees, especially compared to Ethereum. 

Solana is able to process transactions faster than Ethereum

Currently, Solana can process around 2,000 transactions per second (TPS), while Ethereum is only around 15 TPS, thanks to its unique Proof-of-History (PoH) consensus mechanism.

Solana Has Many Utilizations

The Solana ecosystem includes various dApps, crypto exchanges, meme coins, and tokens. 

By 2024, Solana has become the most popular blockchain ecosystem, and any push from US policy could help push it further.

Solana Founder Background

The project was founded by Anatoly Yakovenko and Raj Gokal, with backing from Silicon Valley's A16Z, who led the $316 million private $SOL token sale. 

With its strong foundation in the US and innovative technology, Solana is a prime candidate to benefit from tax exemptions under the crypto-friendly policies proposed by Trump. 

Solana Also Wrestles with SEC

Like Ripple, Solana is also involved in a battle with the SEC, which included the cryptocurrency in a lawsuit filed against Binance. 

Read too Solana (SOL) price

Solana’s potential

Even though regulators agree that SOL is not a security, they still insist that $SOL should not be sold to US customers.

If the Trump administration brings in a friendlier set of rules for US cryptos, including tax exemptions, $SOL, which has risen 260% in the past year, could see further gains.

Read too 5 Best Cryptos to Invest Before 2025

3. Cardano (ADA) – PoS Blockchain Seeking to Bring Global Positive Change

Cardano was founded by Charles Hoskinson, an American who is also one of the founders of Ethereum. 

This is done through IOHK (Input Output Hong Kong) and the Cardano Foundation, which he also founded, with initial operations rooted in the US. 

Cardano (ADA) Focuses On Security and Scalability 

Using a multi-layer system architecture, Cardano enables the creation of secure and scalable applications, positioning it as a powerful alternative to older blockchain systems.

Cardano (ADA) Based in Zurich but Started in the US

Although the Cardano Foundation is based in Zurich, Cardano maintains ties to its US roots through IOHK, which moved to the US in 2018. 

Read too Cardano Price (ADA)

Cardano (ADA) Potential

The crypto-friendly tax policies proposed by the Trump administration could make Cardano a more attractive investment for US investors, especially since it is already an established name in the industry.

Its focus on sustainability, smart contract functionality, and decentralized governance aligns with the increasing demand for environmentally friendly and transparent blockchain solutions. 

Currently, $ADA has a market capitalization of $41.71 billion and has surged 245% since Donald Trump's victory in the presidential election in November.

Read too Cardano (ADA) Price Prediction, Could Reach This Much Next Year!

4. Hedera (HBAR) – US Crypto Project with Partners Google and IBM

Hedera (HBAR) is a US-led project managed by a board of global companies, many of which are based in the US, including Google and IBM. 

HBAR Focuses on Environmentally Friendly and Efficient

The Hedera network is known for its efficiency and low environmental impact, making it an attractive option for institutions seeking sustainable blockchain solutions. 

During the Covid-19 pandemic, hospitals in the UK used this platform to help maintain vaccine temperatures.

Overall, Hedera is not just a blockchain; it uses a Directed Acyclic Graph (DAG) model to ensure fast and secure transactions, a feature that sets it apart in the crypto landscape.

Read too Hedera Price (HBAR)

Founded and Based in the US

Founded by Leemon Baird, Mance Harmon, and Andrew Masanto, $HBAR is well positioned to take advantage of the zero-tax policy for US-based cryptocurrencies.

With a US tech giant on its governing board, its chances of being a beneficiary of pro-crypto reforms are increasing. 

Currently, $HBAR is the 20th top cryptocurrency, with a market capitalization of $11.03 billion.

Read too XLM, XRP, and HBAR Comparison: Which Crypto is Best to Buy?

5. Tron (TRX) – Platform Blockchain Berbasis AS Mitra Sony

Tron (TRX) was originally founded in the US by Justin Sun while he was studying at the University of Pennsylvania. 

Tron Focuses On Fast Transactions and Scalability

The Tron Network is dedicated to building a decentralized internet ecosystem, offering fast transactions of up to 85 per second and scalability that competes with more established blockchain networks. 

Tron Partner with Sony for Content Monetization

The crypto platform has gained particular attention in the entertainment and content sharing industry through its partnership with Sony, allowing creators to monetize directly without intermediaries.

Tron Based in San Francisco

Based in San Francisco, TRX has developed strong connections in the US, including partnerships with blockchain-based companies such as BitTorrent, a file-sharing platform developed in the US and acquired by Tron in 2018. 

Read too TRON (TRX) Price

Potential of Tron (TRX)

This connection could put TRX in an advantageous position if the US-based cryptocurrency benefits from tax exemptions under the new policy. 

Its value has risen 70% since speculation regarding this new policy emerged.

6. Algorand (ALGO) – Boston Based Cryptocurrency with Fast Transaction Speeds

Cryptocurrency Algorand based in Boston, Massachusetts, United States. 

Algorand was founded by Silvio Micali with the vision of creating a decentralized and borderless digital economy. 

Algorand Can Handle 2000 Transactions Per Second

Known for its fast and efficient blockchain, Algorand is capable of handling around 2,000 TPS without compromising security. 

Algorand Uses PPoS

The chain uses a Pure Proof-of-Stake (PPoS) mechanism to ensure decentralization and energy efficiency, making it a leader in sustainable blockchain solutions.

Founder of Algorand, Mical, an MIT graduate

Micali, who was a renowned professor at MIT before founding Algorand, was even mentioned as a potential candidate for a crypto advisor position under Trump. 

Regardless, $ALGO has a lot to gain from tax reform that benefits domestic crypto innovation. 

The Potential of Algorand (ALGO)

Its applications in DeFi, tokenized assets, and supply chain management demonstrate its flexibility and relevance in real-world scenarios.

A supportive regulatory environment could further increase Algorand's adoption and growth, strengthening its position as one of the leading blockchain projects in the US. 

Currently, $ALGO has a market capitalization of $4.18 billion and has surged 339% since Trump's re-election.

Read too Harga Algorand (ALGO)

7. Filecoin (FIL) – America's Answer to Decentralized Storage

Filecoin (FIL) was created by Protocol Labs, which is a project born in the US. Its mission is to revolutionize data storage through decentralization, offering a blockchain-based alternative to centralized giants like Amazon Web Services. 

Filecoin Focuses on Data Storage Networks

Filecoin allows individuals and businesses to rent unused storage space, creating a cost-effective and censorship-resistant data storage network.

FileCoin has offices in America 

Headquartered in California, Protocol Labs ensures Filecoin maintains a strong presence in the US. 

The platform is praised for its eco-friendly design and ability to bridge Web2 and Web3. 

Potential Filecoin (FIL)

With potential inclusion on the list of tax-exempt cryptocurrencies, Filecoin could gain more traction among companies looking for innovative and cost-effective storage solutions. 

The token has risen more than 100% since Trump's election victory.

Read too Filecoin (FIL) Price

8. Stellar (XLM) – US Crypto Project Making Cross-Border Transactions Easier

Stellar (XLM) has become a key player in the global financial ecosystem, aiming to streamline cross-border transactions. 

Stellar Based in San Francisco

Co-founded by Jed McCaleb, a prominent figure in the US crypto world, Stellar operates under the Stellar Development Foundation, a non-profit organization based in San Francisco. 

Stellar's Mission Reaches People Who Don't Have Access to Banks

Stellar's mission is to increase financial inclusion by providing fast and affordable remittance solutions, especially for the unbanked population.

Different from Ripple Stellar, it focuses on individuals and small businesses

In contrast to Ripple which focuses on institutions, Stellar emphasizes empowering individuals and small businesses. This makes it a natural fit for US-based initiatives promoting financial accessibility. 

Stellar Potential (XLM)

If US-focused policies reduce taxes on domestic cryptocurrencies, Stellar could see increased adoption in cross-border trading, remittances, and decentralized finance. 

Its price has jumped more than 450% in the last month.

Read too Stellar Price (XLM)

What Are US Based Cryptocurrencies?

Becoming a US-based cryptocurrency largely depends on the founding team and geographic position of the company. 

Projects that have American founders or are registered in the US will be considered based in that country from an operational standpoint. 

These projects often must comply with US regulations and can face intense scrutiny from regulators such as the SEC. 

This is one of the reasons why XRP, SOL, ADA, and others on our list have faced lawsuits from the Securities and Exchange Commission in recent years.

Will Trump Eliminate Taxes on US-Based Cryptocurrencies?

In his bid for re-election, President-elect Trump promised to make America the “crypto capital of the world.” 

One important part of this is helping to encourage US-based cryptocurrencies and projects, with proposals that could see tax exemptions. 

According to sources within the transition team, Trump has reportedly proposed eliminating capital gains taxes for cryptocurrencies issued by American companies. 

Although the exact details of this proposal have not yet been determined, the prospect of such changes has helped boost $XRP, which recently regained its position as the world's third-largest cryptocurrency.

Impact of Zero Tax Policy on US Cryptocurrencies

Potential changes in US crypto tax regulations have been well received by the market. Let's dig deeper to see the real impact of these changes.

Significant Price Increase for US Crypto Coins

The first and most obvious impact is on the prices of US-issued and based crypto coins. 

As mentioned previously, Ripple ($XRP) is now the third largest cryptocurrency in the world, with a market cap increase of $150 billion tied to Trump's win. 

The potential for new regulations and a tax-friendly ecosystem for investors is driving demand for these tokens, which could see more gains in the coming months.

More Crypto Startups Launch in the US

Ireland's low corporate tax rate helps the country attract tech startups, and the US could follow this model with the crypto industry. 

Currently, many of the world's largest crypto companies operate outside the US due to regulatory uncertainty and tax obligations. 

If the country becomes more competitive in this regard, we could see more companies deciding to move or start up here.

Foreign Cryptocurrencies Could Become Less Competitive

Wherever we see an increase in demand, the opposite can happen in other areas. This could happen if more companies are founded in the US, and the price of American-based tokens soars. 

Foreign cryptocurrencies may face an investor exodus, especially for smaller and lesser-known projects.

Therefore, to remain competitive, we could see major changes, with regulations around the world becoming friendlier to the industry.

Conclusion

Since the US presidential election, American-based cryptocurrencies have seen a significant rise thanks to the prospect of a pro-crypto government. 

Tokens like $XRP, $SOL, and $ADA have surged, with hopes of more clarity on the regulatory issues they face under Gensler's leadership at the SEC. 

Additionally, investors appear to be encouraged by the prospect of eliminating the profits tax, resulting in buying euphoria.

Although the future looks promising for US-based crypto investors and projects, there is still uncertainty regarding the exact policies that may come. 

Therefore, it is important to remain cautious before making a decision to purchase US-based cryptocurrency.

FAQ

Are US Based Cryptocurrencies a Good Investment?

Looking back a year ago, when $XRP was trading at $0.50 and $SOL at $70, many might have answered no to this question. 

Despite the uncertainty, many believe that with the SEC changing its position, there is upside potential for these two projects, as well as other US-based cryptocurrencies. Currently, $SOL is trading above $240, hitting a new record high, and $XRP is trading at $2.39, which is close to its record high of $3.84.

Here are some factors that could continue to drive these US crypto projects in the coming years:

1. Trump's Pro-Crypto Administration

As seen in this guide, the Trump administration appears determined to make America the crypto capital of the world, starting with regulatory restructuring. 

Longtime industry foe Gary Gensler has resigned from his position at the SEC, giving Trump the opportunity to appoint a pro-crypto person to the position. 

This could be the start, with new roles and crypto advisory jobs being created to help realize Trump's vision for the industry.

2. Strong Institutional Support

The industry has seen strong institutional support in recent years, but the regulatory uncertainty surrounding it is preventing a true rise in adoption. 

If the government brings a clear and concise plan for the industry, we could see more businesses start to take an active role in adopting cryptocurrencies, both for payments and simply using blockchain technology to launch new services for US customers.

Potential Risks of Purchasing US-Based Cryptocurrencies

While there are clear advantages to new tax and regulatory changes, there are also some downside risks to consider. 

Here are some of them:

1. Uncertainty of US Crypto Regulation

Although the SEC's case against Ripple has been largely resolved, regulatory ambiguity remains. 

However, SEC Chairman Gary Gensler's resignation could signal a friendlier regulatory environment. 

While this sounds good, there may be regulatory tensions when it comes to the actual implementation of the law. 

There is no guarantee that these changes will immediately have a positive impact on the market.

2. Other Countries Are More Competitive

Countries such as Singapore and Switzerland offer lower operational costs and greater regulatory clarity, making them attractive alternatives for blockchain developers. 

The United States will have to compete with these jurisdictions to attract developers and investors, and if new regulations do not benefit US-based crypto projects, there could be an exodus of startups moving elsewhere.

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Reference

Eliman Dambell, Top U.S. Based Crypto Coins in December 2024, Accessed December 5, 2024

Author: IN