The former president has vowed to end the regulatory weaponization against digital assets. He also promised to “rescind and amend” all previous IRS crypto guidance.
This announcement signals a major change in the administration’s approach to cryptocurrency regulation. These IRS crypto guidelines aim to create a more favorable environment for the industry’s growth.
Trump’s Plan to Remove Regulatory Barriers and Foster Crypto Innovation
Crypto supporters have long criticized the government’s heavy-handed approach to digital assets. With many arguing that the current regulatory framework stifles innovation. Under the Trump administration’s new strategy, the goal is to remove obstacles that have hindered the progress of the digital economy. By amending IRS guidance, the administration hopes to clarify ambiguous tax rules.
BREAKING: Trump administration to “end the regulatory weaponization against digital assets” and “rescind and amend” all previous IRS crypto guidance. pic.twitter.com/Zo6OLYbyyy
— ALX 🇺🇸 (@alx) March 7, 2025
The Trump camp’s new stance represents a sharp contrast to the aggressive regulatory push that has defined recent years. Instead of seeing digital currencies as a potential threat, Trump’s plan would acknowledge crypto’s value. By doing so, the Trump administration aims to make the U.S. a more attractive place for blockchain innovation and crypto investment.
More About Crypto Regulation
🔥 INSIGHT: Since 2020, 47 countries have eased or simplified cryptocurrency regulations, while 4 countries have tightened restrictions or completely banned crypto and mining.
Credit: @Cointelegraph
Does this imply?
▪︎Growth?
▪︎Market dilution?
▪︎More opportunities? pic.twitter.com/sXXAYFKOq2— MOJO (@Tymdan__) March 10, 2025
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