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Bitcoin, the League holds back on doubling taxes: «We are aligned with Musk and Trump»

by Giuliana Ferraino

Deputy Centemero: «The position of the entire League is in this sense. There is a theme of geopolitical alignment: we work with Musk and we support Trump and their position is clear”

The strong increase in taxation on bitcoin capital gains, from 26 to 42%, is one of the innovations announced among the measures of the new budget measure. Instead, nothing will probably be done, because “there is an issue of geopolitical alignment: we work with Musk and support Trump and their position is clear” explained the deputy of the League, Giulio Centemero. As if to say that the League suddenly remembered that doubling the taxes on profits made thanks to cryptocurrencies would represent an insult to Elon Muskwith which the Prime Minister Giorgia Meloni has a special relationship that in the near future could lead to a collaboration to bring fast Internet to remote areas of the peninsula thanks to its Starlink low-altitude satellite network. And that the crackdown on bitcoin would also be a disrespectful measure towards the former American president running for the next elections, Donald Trump.

Who is Centemero

At least Centemero thinks so, anticipating an amendment that his party is already working on for a possible modification in Parliament. Milanese, born in 1979, who arrived in Parliament in 2018, he understands economics: his CV shows off a master’s degree in Sda Bocconi. Therefore, after having stated that he is not speaking only in a personal capacity, because “the League’s position is in this sense”, he states that increasing taxation “is counterproductive because it pushes underground economy, while we want to protect small savers, accompany a market in growth, which is the future and is used by many Italians.”

The geopolitical alignment

The geopolitical alignment with Trump and Musk? The analysts of the election campaign in the United States include the crypto sector among the investments that would benefit from the election of Trump, who during his electoral campaign on several occasions, at least in words, defended the sector which reacted with an increase in prices . After some initial ambivalence, which had a great impact on the prices, Musk then demonstrated with his actions that he appreciates cryptocurrencies, which he accepts as a payment method for his Tesla. And he also proved to be a champion at rallies in support of Trump.

The doubts already expressed on social media

Centemero, who is a member of the House Finance CommitteeAlready
following the launch of the maneuver in the Council of Ministers he expressed the
own doubts about X: «On the topic of crypto taxation I hope for a
in-depth discussion with operators and trade associations in the Commission. Raising taxes so suddenly is counterproductive. Maybe I’m wrong but for this very reason it is appropriate to discuss”, wrote Centemero, quoting his party colleagues Massimo Garavaglia e Alberto Bagnai. In a later post, in response to an appeal from the crypto company Checksig to the Mef and the government to ask to «reconsider the proposal to increase the rate and adopt a more balanced and far-sighted attitude to the regulation of crypto-activities», Centemero, thanking for the letter, stated: «Now we are working for a parliamentary modification ». For the majority it’s a different matter.


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October 19, 2024 (modified October 19, 2024 | 7:12 pm)

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