ChainCatcher message, according to Cointelegraph, the non-profit cryptocurrency advocacy organization Coin Center warns that, although Trump's victory is a good thing for the cryptocurrency industry, entrenched policies may still scare away American cryptocurrency innovators.
Van Valkenburgh, the research director of Coin Center, 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 outlined in 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 the sanctions imposed on Tornado Cash, including unlicensed remittance criminal charges against mixing services and Samourai Wallet.
