What happens if you hold Crypto for more than 12 months?

As a cryptocurrency investor, I'm curious about the tax implications of holding crypto assets for an extended period. Could you elaborate on what happens if one decides to hold cryptocurrency for more than 12 months? Does this affect the capital gains tax rate? Are there any specific tax benefits or incentives for long-term crypto holders? Additionally, how does this differ from traditional investments like stocks and bonds, where long-term holding often results in lower tax rates? I'd appreciate a detailed explanation of the tax treatment for crypto assets held for over a year.