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Word just dropped that the Trump administration might axe federal taxes on gambling winnings. Now here's where it gets spicy for crypto holders—if they extend this to digital assets, we're talking zero percent tax on crypto gains.
Think about what that means. Right now, every trade triggers a taxable event in most jurisdictions. Remove that friction? Game changer. We'd see capital flowing in like never before, retail traders keeping more profits, and institutions suddenly dealing with way less compliance headaches.
This isn't just wishful thinking either. The policy framework is already being discussed at federal levels. Whether it materializes or not, the mere possibility has market watchers paying attention. If it does go through, expect volatility to spike as traders reposition their portfolios to capitalize on the new tax landscape.
Bullish doesn't even cover it.