The tax reform policy initiated by the Trump administration in 2025 not only reshaped the economic landscape of the United States but also brought unprecedented opportunities and challenges to the blockchain industry. This article will explore the profound impact of tax reform on blockchain projects from four dimensions: policy dividends, technological innovation, compliance response, and long-term effects.

1. The core dividend of the tax reform policy: tax cuts and deregulation

The primary goal of Trump's tax reform is to stimulate market vitality by lowering tax rates and simplifying regulations. In the blockchain field, this policy is reflected in three aspects:

1. Reduction of capital gains tax: The personal cryptocurrency trading tax rate is lowered from 20% to 15%, attracting retail and high-net-worth investors to enter the market.

2. Reduction of corporate tax burden: The tax rate for companies holding crypto assets is decreased, encouraging more companies (such as MicroStrategy) to include Bitcoin on their balance sheets.