When the policy scythe falls, the wise look at the tax bill, and the skilled look at the checkbook — hundreds of billions of funds never dance in the news!
What were they arguing about in the hearing?
On July 16, the US Congress will discuss 'how to tax cryptocurrency trading', like suddenly requiring market vendors to issue invoices. Three groups are the most anxious:
Brick Mover: In the future, transferring ETH from Binance to OKX to sell? Each transfer may be flagged by the tax bureau (refer to last year's case of Coinbase users caught evading taxes in the US).
DeFi Old Farmer: Staking mining income may be taxed as wage income, annualized 50%? First, cut 20% for Uncle Sam!
US Big Players: Holding coins for over a year incurs a 20% tax, can’t hold for 3 months? The tax rate might spike to 37% (even harsher than stock trading).
Brother Qiu's bold statement: all bad news is out = institutions feast!
Case Study: After the US passed the cryptocurrency tax law in 2021, BTC rose from 29,000 to 52,000 within three months, just because dirty money ran away, institutional money entered the market.
Key Signals: BlackRock's giants' ETFs are just missing the tax framework dish, and now 17 institutions are queuing at the door (latest news: ARK has secretly increased its position by 4,000 BTC).
Retail Investor Survival Manual
Don't be like a startled bird: during policy panic, the market often 'fakes a fall'; after last year's UK tax news, ETH dropped 12% in a week but rebounded 35% in a month.
Change Warehouse Three-piece Set:
Compliant Platform Coin
Institutions Hoarding Currency
Tax Tools
Eight years in finance, an exclusive guide for pioneers in the crypto space: Insight into the market, steady progress, focus on how Zhuque teaches you to appreciate value steadily, risks and opportunities coexist in investment, blind operations are a major taboo in the crypto world!
