Trump just signed the so-called "big and beautiful" bill, which has two core elements:
“Large” scope of taxation: Cryptocurrency transactions, staking income, and DeFi mining are all included in the IRS monitoring network
The US calls it tax cuts: corporate tax drops by 3%, but crypto taxes skyrocket - NFT profit tax rises from 20% to 31%, and cross-chain transfers may be subject to "transfer tax"!
My bloodthirsty opinion:
This is not an ordinary policy, it is a killing order from traditional capital against the crypto upstarts! Three bloody essences:
Essence 1: Drain the last drop of blood from retail investors
The bill requires exchanges to withhold 28% capital gains tax (refer to South Korea’s 70% drop in trading volume after its implementation in 2022). You should pay the IRS a loss before selling your coins!
Essence 2: Adding deadly poison to DeFi
Decentralized protocols are required to automatically deduct taxes - Do you need to prepay taxes when exchanging coins on Uniswap? This is equivalent to strangling DeFi's throat with a compliance chain!
Essence 3: Paving the way for Wall Street’s harvest
Institutions such as Goldman Sachs have been approved to establish tax-free crypto funds (similar to REITs real estate investment trusts). While retail investors are bleeding and paying taxes, the giants are hoarding bloody chips at zero cost!
Historical massacre cases:
The 2021 Biden Infrastructure Bill contains crypto tax provisions. On the day the news was revealed:
BTC plunges 20%, $5 billion liquidated
Mining company MARATHON shares halved in one day
Coinbase is forced to develop on-chain tax monitoring tools - every transaction you make is under the gun of the IRS!
The third-level survival guide for retail investors:
Short-term life-saving:
Immediately deactivate US exchange KYC accounts (to prevent tax withholding)
Exchange profitable coins for privacy coins XMR/ZEC or stablecoin DAI
Mid-term armor change:
Registering offshore entities (such as Singapore foundations) to transfer assets
Use hardware wallet + mixer to cut off the traces on the chain
Long-term counterattack:
Heavy investment in anti-regulatory infrastructure (TOR, decentralized VPN)
Ambush projects in tax havens (such as El Salvador’s $CHIVO token)
#Finance#Bitcoinbtc#Ethereumeth#
Blindly working alone will never bring you opportunities. Why not follow Ayers? I will take you to explore the 10x potential coins! Top-level resources!