PANews November 23 news, according to Cointelegraph reports, the non-profit cryptocurrency advocacy organization Coin Center warns that while Trump's victory is a good thing for the cryptocurrency industry, entrenched policies could still scare away American cryptocurrency innovators. Coin Center's research director Van Valkenburgh analyzed the prospects of U.S. cryptocurrency policy after the 2024 election in an article and shared three major "serious threats" facing U.S. cryptocurrency users and developers in 2025. One major threat comes from the cryptocurrency reporting requirements set forth in U.S. tax code Section 6050I, which requires individuals receiving $10,000 in cryptocurrency to make unlicensed reports to the IRS. The second and third major threats stem from sanctions imposed on Tornado Cash, including unlicensed remittance criminal charges against mixing services and Samourai Wallet.
