* Regulation in the U.S. (for 2025):
* A shift towards a more favorable regulatory stance on cryptocurrencies is expected, marking the end of the "regulation by enforcement" approach and the establishment of clearer rules for digital assets.
* Stablecoin Legislation: The U.S. is anticipated to finalize comprehensive legislation for stablecoins, paving the way for bank-issued and 1:1 backed stablecoins, prioritizing the development of dollar-backed stablecoins.
* Cryptocurrency Taxes: The IRS treats cryptocurrencies as property, not currency. By 2025, all U.S. cryptocurrency exchanges must track transactions and report them on the new Form 1099-DA. Short-term gains (assets held for 1 year or less) may be taxed up to 37%, while long-term gains (more than 1 year) may range from 0% to 20%.
* Technological Development and Usability: The industry continues to seek to make cryptocurrencies faster, cheaper, and easier to use, with initiatives like the Ethereum Name Service for more readable addresses.
