Exclusive: Crypto Tax Proposal Snubbed by Trump’s Budget Now Fights for Independence

Washington's latest crypto clash just took a sharp turn. The tax provision that got axed from the former president's spending package is making a solo power play—and the timing couldn't be more ironic.

The Ghost of Legislation Past

Like a blockchain fork nobody saw coming, this resurrected proposal bypasses traditional political channels. Insiders whisper it's got more legs than a bull market rally—but then again, so did every 'revolutionary' fintech regulation before it got gutted by lobbyists.

Tax Man vs. Crypto-Anon

The draft targets what Treasury calls 'unrealized gains'—because nothing screams 'financial innovation' like taxing hypothetical profits while exchanges crash. One anonymous DeFi founder quipped: 'They'll audit our cold wallets when they pry them from our cold, dead hardware.'

The Bottom Line

Whether this becomes law or another line item in crypto's 'regulatory capture' bingo card, one thing's certain: the IRS wants its pound of algorithmic flesh. And unlike your forgotten Bitcoin private keys, they never forget.