$BTC

Signal Based on the Letter and News**

**Context:**

- Senator Cynthia Lummis and industry advocates are pushing the U.S. Treasury to exclude **unrealized gains/losses on crypto holdings** from corporate tax calculations (CAMT).

- Current rules force corporations to pay a 15% minimum tax on paper gains from digital assets (e.g., Bitcoin), creating an unfair burden.

- If the Treasury acts, it would remove a major regulatory overhang for corporations holding BTC, potentially encouraging institutional adoption.

**BTC Signal: Short-Term Bullish**

- **Rationale:** Positive regulatory developments (like this proposal) reduce sell pressure from corporations avoiding tax liabilities on unrealized gains. This could:

1. **Boost institutional demand** as tax friction decreases.

2. **Improve market sentiment** around U.S. crypto policy.

3. **Catalyze a rally** if the Treasury responds favorably, as it would signal broader regulatory cooperation.

**Key Level to Watch:**

- A clear break above **$65,000** (resistance) could confirm upward momentum if news progresses.

**Risk:**

- Delay or rejection of the proposal may lead to muted price action.

**Action:** Monitor Treasury announcements for updates. A positive decision could accelerate BTC’s upward trajectory.