White House Crypto Summit: What to Expect for Crypto Tax Policy?

Updated

March 6, 2025

Gambar White House Crypto Summit: What to Expect for Crypto Tax Policy?

Jakarta, Pintu News – The upcoming crypto summit to be held at the White House has caught the attention of many. With an agenda that includes regulation, strategic reserves, and tax policy, the summit is expected to bring significant changes to the crypto market in the United States.

Towards Regulatory Certainty

Regulatory vagueness has been an obstacle for crypto investors. The previous administration under President Biden was known for its strict approach, often through SEC suits against various crypto companies. This perceived overly restrictive approach may change under a more crypto-friendly President Trump.

The meeting is expected to outline a simpler legal framework for digital assets, covering exchange compliance, DeFi regulation, and stablecoin management. David Sacks, a proponent of strengthening the dollar’s position through stablecoins, may push for policies that legitimize Tether and USD Coin without stifling innovation. Evidence of this change can be seen in the SEC’s dismissal of several lawsuits against Uniswap, Kraken, and Coinbase.

Also Read: Arbitrum (ARB) Surges After Robinho od Entry: What Will Happen Next?

More Details on US Crypto Reserves

Recently, President Trump announced plans to establish a strategic reserve that includes Bitcoin , Ethereum , Ripple (XRP), Solana (SOL), and Cardano . This announcement has had a short-term positive impact on the price of these currencies. However, there are still many unanswered questions about the reserve, such as the source of funding and the amount that will be invested.

The Secretary of Commerce stated that the Bitcoin backup strategy will be revealed in this summit. Other crypto assets will also receive positive, albeit different, treatment. This strategic reserve is expected to strengthen crypto legitimacy and boost the morale of long-term holders.

Crypto Tax Policy

Brazil allows citizens to pay taxes using crypto

Another topic likely to be discussed is crypto tax reform. President Trump has signaled about eliminating capital gains tax for crypto transactions. This policy would reduce costs and increase returns for individual investors, which would probably encourage reinvestment and increase market activity.

The White House Crypto Summit is taking place amidst high market uncertainty. On Monday, Bitcoin briefly dropped to $82,000 before recovering to current levels. If the summit delivers positive news, it could reverse the downward trend. On the other hand, it could also extend the selling pressure and make the market slide further.

Conclusion

Investors are expected to prepare for price volatility. This situation can be a “buy the rumor, sell the news” scenario, so it is important not to use excessive leverage before the event. Consider your risk tolerance and investment objectives before making a decision.

Also Read: B inance Attracts Investors After Bybit Hack, Funds Flow Increases Sharply!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.