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Now it looks like the rule wont be enforced.
So if this were to become official,what could it mean for investors and their finances?
If enforced, this rule would hit everyday crypto users the hardest.
Ending this rule is a win for innovation and practicality.
Is Crypto a Buy?
A lot of factors go into deciding whether crypto is a buy.
Economic variables, market sentiment and inflation are some of the components people have to consider.
However, Congress stance on this IRS ruling adds another feather to the cap for bullish investors.
Short term, this is bullish because it reduces uncertainty and keeps DeFi markets accessible.
A clearer, fairer tax framework will ultimately encourage more institutional and retail adoption, St. Louis said.
The Trump administration is prioritizing crypto in a way that investors havent seen from previous administrations.
The president announced a Strategic Bitcoin Reserve.
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