Now in Crypto, Trump says federal income taxes will be greatly reduced or eliminated, Adam Back strategy and other Bitcoin treasury companies are some of the earliest bettors in Hyperbitcoinization, which can see Bitcoin's market cap more than $ 200 trillion, and US Securities and Exchange Commission (Sec) Crypto Task Force Head said Hester Peirce that the US crypto is like a game of a game Lava.
Trump says federal income taxes will be “reduced” or deleted
The President of the United States recently said that federal income taxes were “significantly reduced” or removed completely once the suggested trade tariffs had a full impact.
The US president said the accompanying tax deduction will focus on those who earn less than $ 200,000 per year.
“It will be a bonanza for America. The external income service is happening,” Trump wrote in a social April 27 Post.
President Trump had previously floated the idea of removing a federal income tax collected by Internal Revenue Service (IRS) and replacing revenue from income taxes with tariffs collected in imported goods.
The US President's April 27 Truth Social Post has revealed the first concrete detail of the proposed plan since Trump and members of his cabinet began conducting a comprehensive tax reform in October 2024.
Bitcoin treasury companies driving $ 200 trillion hyperbitcoinization – Adam back
Investment companies with Bitcoin-focused treasures are in the face of global adoption in Bitcoin, which could see the world's first cryptocurrency sinking into a $ 200 trillion market capitalization in the coming decade.
Institutions and governments around the world are beginning to recognize the unique financial properties of Bitcoin (BTC), according to Adam Back, Blockstream's co-founder and CEO and the Hashcash inventor.
“The $ MSTR and other Treasury companies are an arbitration of dislocation between the Bitcoin's future and Fiat World day,” Back wrote in a post of April 26 x.
“A sustainable and measured $ 100- $ 200 trillion trade front-running Hyperbitcoinization. Enough for most large listed companies to move to BTC Treasury,” he added.
Hyperbitcoinization refers to the theoretical future where Bitcoins have become the largest global currency, replacing Fiat money due to the economic inflationary and growing distrust of the legacy system.
The price of bitcoin releases Fiat Money Inflation remains the main driver of global hyperbitcoinization, Back said, adding:
“Some people think that Treasury's approach is a temporary glitch. I say it's not logical and sustainable arbitration. But never, the driver is the price of Bitcoin to climb more than 4 years faster than interest and inflation.”
US crypto rules such as “floor is lava” without light – hester Peirce
The SEC Commissioner and head of the Crypto Task Force Hester Peirce, said the financial companies had navigted to crypto in a way that was like playing a children's game that “the floor was lava,” but in the darkness.
“It's time we find a way to end this game. We need to -on the lights and build some lanes in the lava pit,” Peirce Says In the SEC “Learn your Custodian” Roundtable Event on April 25th.
Peirce explained that SEC registers are forced to approach crypto -related activities such as “the floor is lava,” where the goal is to jump from a piece of furniture next time not touching the ground, except, to hold the crypto directly the lava.
“One version of the DC of this game is our regulation approach to crypto assets, and specifically the crypto asset care,” he said.
Peirce said that, as in the game, companies who want to engage in crypto should be avoided directly to handle it due to unclear regulatory policies. “To engage in crypto-related activities, sec-registry needs to hop from a bad regulatory space to the next, while ensuring that they do not touch any crypto property,” Peirce said.
