The cryptocurrency world faces important changes, including tax reforms in the US and new initiatives in Switzerland, with significant implications for investors and state-level Bitcoin adoption.
Tax Easing for Crypto Investors
The US Internal Revenue Service (IRS) has provided temporary relief to cryptocurrency holders on centralized exchanges, delaying the enforcement of the FIFO (First In, First Out) accounting method for tax purposes until December 31, 2025. This decision followed a legal challenge arguing that the expanded broker reporting rules violate constitutional rights.
Impact of Trump’s Policies on Bitcoin
According to CryptoQuant CEO Ki Young Ju, President Donald Trump's approach to Bitcoin could depend on the global perception of the US economy and the dollar's strength. Hive Digital announced its relocation to Texas, expecting a favorable regulatory environment for Bitcoin mining under Trump's administration.
Switzerland and Bitcoin: New Initiative
Switzerland has proposed an initiative to include Bitcoin in its national monetary reserves, with a deadline of June 2026 to collect signatures for a public referendum. The proposal, discussed since 2021, aims to strengthen Switzerland's financial independence.
These developments highlight the growing influence of cryptocurrencies on both national and international levels. With tax changes and new proposals like the Swiss initiative, the future of cryptocurrencies promises to be dynamic and full of new opportunities.
