Trump’s Win Good for Crypto, But Problems Linger

Trump might be good for crypto, but US policies could still push away developers and investors, says Coin Center.

Crypto’s Biggest Threats

1. Tough Tax Rules: Any crypto payment over $10,000 must be reported to the IRS. Critics say this violates privacy.
2. Sanctions on Developers: Tornado Cash’s Roman Storm faces charges for building privacy tools, creating fear among developers.
3. AML Crackdowns: Strict anti-money laundering rules could hurt innovation.

Uncertain Future for Crypto Policies

Trump might freeze some tough rules with pro-crypto officials, but the Justice Department could keep cracking down.

Are These Policies Helping?

Coin Center says these rules barely stop criminals but could kill crypto innovation in the US and block Americans from using these tools.

Coin Center’s Analysis of the Crypto Policy Landscape Following the Elections https://t.co/A5fJ7rAP9Y

— Coin Center (@coincenter) November 21, 2024