A storm of crypto regulation is brewing quietly in the United States, with the new SEC Chair taking office and a new bill targeting Puerto Rico's crypto tax loopholes. Various signs indicate that the rules for digital currencies are being completely rewritten!
The New Navigator Has Arrived:
On April 21, Paul Atkins was officially sworn in as SEC Chairman, making a strong comeback with a 'crypto-friendly' aura. He previously served in the Bush administration and has always maintained an open attitude towards financial innovation; this return is seen as a long-awaited turning point for the crypto industry.
A New Era Begins:
The former leader was criticized for a 'law enforcement priority' strategy that stifled innovation, leading to several major lawsuits that caused market turmoil. Atkins not only openly supports blockchain projects but also includes crypto platforms and tokenized companies in his investment portfolio; his stance is clear and inspiring!
Puerto Rico's Tax Haven May Come to an End:
Meanwhile, Congress is discussing a new bill aimed at ending the tax privileges for crypto whales in Puerto Rico and aligning the local tax system with that of the mainland United States.
What Will the Future Hold?
A new era of crypto regulation that is more friendly to innovation and has clearer rules may have quietly begun.
Change Has Arrived, the Wind of Regulation is Shifting—Are You Ready to Embrace New Opportunities?