Looks like Trump’s back with a big idea — and this one could shake up the crypto world.
He recently proposed extending the 2017 tax cuts and even hinted at something huge: removing income taxes completely for people making under $200,000. To make up for that, he wants to raise money through tariffs (basically, taxes on imported stuff). That means more money in people's pockets — and you know what people do when they have extra cash? They invest. And more than ever, that includes crypto.
Less Tax Stress for Crypto Users
Here’s another twist — Trump just got rid of an IRS rule that would’ve forced crypto brokers to report every little detail about your crypto trades. That rule was complicated and honestly kind of scary for average crypto users. By scrapping it, things just got a lot simpler. It’s a move that feels like Trump is trying to be the “pro-crypto” guy in politics.
America Just Got Its Own Crypto Reserve
And get this — the U.S. has now officially started building a “strategic crypto reserve.” Think of it like a digital vault of top coins like Bitcoin, Ethereum, XRP, Solana, and Cardano. The idea? Make sure America stays in the game as digital assets go global. This news made Bitcoin shoot past $94,000 recently — yeah, that’s not a typo.
What Does This Mean for You?
If you’re already into crypto or thinking about jumping in, this might be the perfect time. The government is softening up on regulations, and the market is reacting fast. Of course, not everything is sunshine — printing too much money or cutting too many taxes could cause inflation. But for now, the momentum is real.
