The deep impact of Trump's tax reform policy is sparking heated discussions at Binance Square. The 2017 Tax Cuts and Jobs Act, which lowered the corporate tax rate to 21% and simplified the tax system, promoted the repatriation of profits by U.S. multinational companies, and this policy dividend indirectly catalyzed the institutionalization process of the cryptocurrency market. Data shows that from 2018 to 2020, U.S. corporate investment in cryptocurrency grew by 370%, with companies like Tesla and MicroStrategy significantly increasing their Bitcoin holdings using the funds saved from the tax reform.

However, the "reciprocal tariffs" policy reintroduced by the Trump administration in 2025 has delivered a jolt to the market. The 104% tariff on China implemented in April led to a single-day plunge in Bitcoin prices by 5.3%, and the total market value of cryptocurrency evaporated by 12%. Binance Research indicates that the restructuring of global supply chains and fluctuations in capital flows triggered by the tariffs have raised the correlation between cryptocurrency and the Nasdaq index to 0.74, with volatility in traditional financial markets being transmitted to the cryptocurrency sector through institutional investors.

It is noteworthy that Binance itself has also become embroiled in the policy whirlpool. Following Changpeng Zhao's imprisonment due to anti-money laundering allegations, rumors of potential cooperation between Binance and the Trump family have continued to ferment. The market is concerned that such political-business connections may exacerbate regulatory uncertainty, and the IRS's proposal to impose a 30% energy tax on cryptocurrency mining has placed the industry under double pressure. Currently, the focus of user discussions at Binance Square has shifted from the tax reform dividends to how to cope with policy risks, with trading volume of the safe-haven asset USDT surging by 42% after the tariffs were implemented, reflecting investors' cautious stance towards market prospects. #特朗普税改