We need to push as hard as we can once Trump is in office for a legal change where Botcoin is recognized as a currency, making it immune to capital gains taxes. Otherwise the drive to make users self- dox and pay tax on every transaction will only increase. I think ecash on top of Bitcoin is another viable solution.
Why is no one talking about the new IRS guidance? https://bitcoin.tax/blog/irs-rev-proc-2024-28-preparing-2025-crypto-reporting-requirements/ #Bitcoin
Discussion
This is the real test of how pro-American Trump really is. The status quo thing would be to ratchet up the requirements to make Bitcoin as hard to use as possible.
If Trump really wants to help Americans, here’s his chance.