Denmark Considers Taxing Unrealized Crypto Gains
Denmark’s Tax Law Council has proposed a bill that would tax unrealized gains and losses on crypto holdings, potentially starting in 2026.
The recommendation is detailed in a 93-page report and suggests a unified tax model for all digital assets.
The council evaluated ...
CryptoQuant’s data paints a picture of growing ETH demand amid reduced selling pressure and relative undervaluation. If historical patterns hold true, Ethereum may be on the verge of regaining its dominance over Bitcoin and potentially leading the broader altcoin market into a new phase of growth.
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That said, sentiment could quick turn for the worse if recession fears come flooding back. And altcoins like Litecoin are highly exposed to a possible pullback.
If Galaxy secures the necessary approvals, it will soon join the ranks of major crypto firms anchoring their future to U.S. capital markets, underscoring a growing convergence between traditional finance and digital assets.
Under Trump, there could be an emphasis on installing pro-crypto figures and fostering private sector involvement in virtual assets.
The chartering business is also entangled with broader developments. World Liberty Finance, a crypto venture with connections to the Trump family, has announced that it will soon unveil a stablecoin, USD1, whose custodian will be BitGo.
Trump’s Second Term and the Future of Crypto Regulation
Trump’s signals of potential changes in crypto regulations contrast sharply with previous administrations’ inconsistent approaches.
With Donald Trump back in office and promising a more business-friendly stance on digital assets, some in the industry now see a clearer runway for IPOs that were previously on hold. Several crypto firms are revisiting their public listing strategies as sentiment shifts in Washington.
In recent months, the government agency has dropped litigation against several key players in the crypto industry, including Kraken, OpenSea, and Coinbase.
The current selloff suggests the market is pricing in inflation now, but prolonged uncertainty could flip this dynamic.
Bears take charge
Meanwhile, some traders are eyeing a bitcoin drop to as low as $70,000 in the near term amid the tariff escalations, a move that could further pressure crypto majors.
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