CoinVoice recently learned that, according to Cointelegraph, the non-profit cryptocurrency advocacy organization Coin Center warned that although Trump's victory is good for the cryptocurrency industry, entrenched policies may still scare away U.S. cryptocurrency innovators.
Coin Center's research director Van Valkenburgh analyzed the prospects of U.S. cryptocurrency policy after the 2024 election in an article, sharing three major 'serious threats' facing U.S. cryptocurrency users and developers in 2025. One major threat comes from the cryptocurrency reporting requirements mandated by U.S. tax law Section 6050I, which requires individuals receiving $10,000 in cryptocurrency to report it to the IRS without a license. The second and third major threats stem from sanctions imposed on Tornado Cash, including unlicensed remittance criminal charges against mixing services and Samourai Wallet. [Original link]