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 far-reaching impact of tax reform on blockchain projects from four dimensions: policy dividends, technological innovation, compliance response, and long-term effects.

1. Core Dividends of Tax Reform Policy: Tax Cuts and Deregulation

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

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

2. Reduced Corporate Tax Burden: The tax rate for companies holding cryptocurrency assets is lowered, encouraging more companies (such as MicroStrategy) to include Bitcoin on their balance sheets.

3. Relaxation of Regulations: The Trump administration eased compliance requirements for ICOs and IDOs, allowing startups to raise funds more freely and supporting technological breakthroughs for public chains like Ethereum and Solana.

These measures directly fueled capital inflow into the crypto market. For example, the issuance of Trump Coin (TRUMP) not only solidified his personal brand but also drove the price of Bitcoin to break through the historical high of $109,000 through spillover effects.