According to a report by Cointelegraph, the non-profit cryptocurrency advocacy organization Coin Center has warned that while a Trump victory would be good for the cryptocurrency industry, entrenched policies could still scare away cryptocurrency innovators in the United States.
In an article, Coin Center's research director Van Valkenburgh analyzed the prospects for U.S. cryptocurrency policy after the 2024 election, and shared three major "serious threats" that U.S. cryptocurrency users and developers could face in 2025. One major threat comes from the cryptocurrency reporting requirement under Section 6050I of the U.S. tax code, which requires anyone who receives $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 criminal charges against mixing services and the Samourai Wallet for unlicensed money transmission.
