Non-profit crypto advocacy group Coin Center has warned that even though a Trump win is a net positive for the crypto industry, entrenched policies could still scare crypto innovators away from the United States.
https://cointelegraph.com/news/coin-center-warns-us-policies-scare-away-crypto-despite-trump-win
Thank you for sharing your personal experience with this issue. It's helpful to hear from someone who has firsthand knowledge."
The article discusses Coin Center's concerns that despite President-elect Donald Trump's pro-crypto stance, existing U.S. policies may deter crypto innovators. Coin Center highlights three main threats: tax reporting requirements under Section 6050I, sanctions on services like Tornado Cash, and criminal charges against non-custodial service developers. This information aligns with Coin Center's official statements and is corroborated by other reputable sources, indicating the article's accuracy.
