A New Catalyst for the Crypto Market
The improvement of the regulatory landscape for the crypto industry in the USA is seemingly on the brink of a significant breakthrough. New legislative regulations could be considered the next major catalyst for the market. Experts confirm that a new US cryptocurrency law is likely to be passed with a probability of about 75%, and it has the potential to generate enormous economic impulses. According to estimates, this law could generate up to €2.4 trillion in value and trigger a historic rally in cryptocurrencies like XRP.
Growing Significance for Private Investors
This development is particularly significant for private investors, even in the German-speaking region. Improved regulation would create more legal certainty and thereby strengthen confidence in the market. This could promote increased participation from retail investors and significantly alter market dynamics.
New Tax Reporting Obligations
Additionally, new tax reporting obligations for cryptocurrencies have recently come into effect, including forms 172, 173, and 721. These developments indicate a stronger administrative incorporation of crypto assets. These measures, together with the new law, could lay the groundwork for a more stable and transparent crypto market in the USA.
Overall, there are many indications that the new US law regulating the crypto industry will be a significant turning point – not only nationally but with far-reaching effects on investors worldwide, including those in the German-speaking regions.