
In the wake of Donald Trump's reelection, the Blockchain Association and Coin Center have called for significant reforms in U.S. cryptocurrency policy. The Blockchain Association has urged Trump to prioritize five key areas for crypto reform within his first 100 days, including a complete overhaul of leadership at the SEC, IRS, and Treasury, which they believe are hindering the industry. Meanwhile, Coin Center has expressed concerns that existing U.S. policies may deter potential investors and has highlighted ongoing legal challenges facing the crypto sector. They anticipate a more favorable regulatory environment under the new administration, particularly for centralized markets and stablecoins, but warn of persistent risks related to surveillance and anti-money laundering measures. Specific threats mentioned include IRS mandates and sanctions on privacy tools such as Tornado Cash. The advocacy groups emphasize the need for clearer rules to ensure the U.S. remains competitive in the evolving crypto landscape.
The Impact of Recent Elections on US Crypto Policy: Coin Center Shares Insights https://t.co/FssfNu9Da1
The new Crypto Asset Reporting Framework may signal ChokePoint 3.0, expanding oversight and raising privacy concerns. My latest in @Forbes with @KnightbridgeTax @Recap_io @Chainalysis @ForbesCrypto #Bitcoin https://t.co/uiv1xacoKZ
BLOCKCHAIN ASSOCIATION WANTS TRUMP TO CLEAN HOUSE The SEC, IRS, and Treasury are getting called out. Blockchain Association says it’s not just about replacing Gensler; the whole leadership structure needs a revamp to keep the U.S. competitive in crypto. Inconsistent tax rules,… https://t.co/n8X2hhgw4c





