This initiative mirrors a growing international shift toward stricter tax enforcement on crypto and other financial assets.
Italy is also tightening its stance. Vice Economy Minister Maurizio Leo recently announced plans to raise the capital gains tax on cryptocurrencies from 26% to 42%, specifically citing Bitcoin.
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U.S. crypto regulations could see major changes under Trump. Tether & WAX co-founder William Quigley explains what new policies mean for digital assets, banking, and regulatory oversight.
Sure, the Litecoin price could reach back to its recent highs in the $140 area in the coming months.
But traders would do well not to chase the rally higher. That’s not until the conditions for a new altcoin season really start to fall into place.
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Galaxy Digital UK Arm Secures FCA License
Last month, Galaxy Digital secured a regulatory license for its UK subsidiary on Wednesday.
The license from the UK’s Financial Conduct Authority (FCA) would allow Galaxy to offer derivatives trading capabilities in the UK.
Quigley remarked on the shift, “The Obama administration and the Biden administration in terms of how they thought about crypto, they were wary of it and Congress was not moving forward with any regulation. They didn’t seem to see it as important or terribly problematic either, with the exception of one federal agency, the SEC.”
Repositioning for Institutional Acceptance
While regulatory interest in the sector remains uneven, the report suggests that firms previously operating on the margins of the banking system are now preparing to enter it through formal channels.
The shift follows earlier setbacks, when multiple crypto firms lost access t...
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Under Trump, there could be an emphasis on installing pro-crypto figures and fostering private sector involvement in virtual assets.
Quigley remarked on the shift, “The Obama administration and the Biden administration in terms of how they thought about crypto, they were wary of it and Congress was not moving forward ...
U.S. crypto regulations could see major changes under Trump. Tether & WAX co-founder William Quigley explains what new policies mean for digital assets, banking, and regulatory oversight.
U.S. President Donald Trump largely campaigned on enacting crypto-friendly regulations, though his recent tariff policies have prompted turbulence across both traditional and digital markets.
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