🏛️ Political Outlook: Tax Policy Crypto

The Institute on Taxation and Economic Policy has called for Congress to reject proposed tax breaks for crypto, citing concerns over unfair advantages.

Courts are also playing a role in shaping crypto tax rules in the absence of clear congressional guidance.

South Korea's crypto tax plan is reportedly on the brink of collapse, highlighting the global uncertainty surrounding cryptocurrency taxation, and this ongoing regulatory uncertainty is likely to impact crypto market volatility and investor sentiment.