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The administration of U.S. President Donald Trump is reportedly considering making all future gains achieved on %Cryptocurrencies tax-free.

Trump is weighing a proposal that would make U.S.-based cryptocurrencies exempt from capital gains tax, while all non-U.S. based crypto would face a 30% tax.

The elimination of capital gains taxes on U.S.-based cryptocurrencies would be a dream come true for many investors.

And granting crypto tax-free status could potentially be announced as soon as March 7, coming out of the highly anticipated %CryptoSummit that’s taking place at the White House.

Last week, Trump announced plans to create a strategic crypto reserve, news that sent crypto prices sharply higher, albeit temporarily.

Investor hopes are running high that new measures to strengthen digital coins and tokens and boost prices will come out of the Crypto Summit, and tops on that list would be tax-free status.

However, some analysts are pouring cold water on the idea of exempting crypto from capital gains taxes.

Skeptics warn that making such a change before regulations are in place could lead to more market volatility for crypto, not less.

Investors could dump non-U.S. crypto and aggressively rotate into American investment vehicles, while also causing a surge in the creation of new cryptocurrencies from the U.S.

For these reasons, analysts are urging that the Trump administration take a measured and deliberate approach to any changes related to taxes and crypto.

%Bitcoin (CRYPTO: $BTC ) has risen to $90,000 U.S. ahead of the Crypto Summit, and futures markets are pricing in a $5,000 U.S. price swing in Bitcoin up or down following the White House meeting.

So far this year, the price of Bitcoin has declined about 5%.