A coalition of over 65 crypto firms, led by the Solana Policy Institute, has addressed a letter to U. S. President Donald Trump, calling for immediate executive action to clarify digital asset regulations and push forward crypto-friendly tax and enforcement policies through federal agencies. In the Nov. 20 letter, the coalition urged the administration to act swiftly on a series of targeted measures designed to ensure that “the United States remains the best place in the world to build, invest, and innovate.” The letter takes inspiration from recommendations outlined in the President’s Working Group Report on Digital Assets, which was released earlier this year, said the Solana Policy Institute, alongside crypto firms such as Coinbase, Uniswap Labs, and Exodus, among others. According to them, federal agencies like the Treasury Department, the Internal Revenue Service, the Securities and Exchange Commission, and the Justice Department can take “immediate steps” without waiting for new legislation from Congress. Clarify crypto taxation First, the group has asked Trump to clarify how staking and mining rewards are taxed by directing the Treasury to treat them as self-created property that is taxed only upon sale or conversion. Among other asks, they also called for implementing a “de minimis tax rules” such as a $600 exemption for small crypto transactions, and establishing proper definitions that clarify that activities like bridging and wrapping tokens are not taxable events. Crypto-friendly Senator Cynthia Lummis has already introduced a digital asset tax bill earlier this year that proposes similar measures, including ending the double taxation of miners and setting a lower reporting threshold, which could complement the administrative actions now being sought. Establish developer protections Next on the list is a call for greater protection of developers, especially as concerns have mounted around recent verdicts involving the creators of Samourai Wallet, who were sentenced to prison for building privacy-focused crypto tools that prosecutors linked to illicit use. A similar high-profile case involves Tornado Cash developer Roman Storm, who was convicted of operating an unlicensed money transmission business, even though his involvement was limited to publishing open-source code. The group urged the Justice Department to drop the case against Storm and recognize that “Storm’s work on Tornado Cash represents the publication of open-source software not a financial crime.” “Doing so will further support that code is speech under the First Amendment and signals that the U. S. will protect innovation,” the group said. As such, they have asked the president to “encourage the SEC’s Crypto Task Force to coordinate with the Divisions of Corporation Finance, Investment Management, and Trading and Markets to issue interim guidance, no action, and exemptive relief clarifying that developers of source-available, permissionless protocols and front-ends are not subject to enforcement while related rulemaking proceeds.” Other agendas Beyond the aforementioned priorities, the coalition has called for stronger interagency coordination to streamline how crypto is regulated across federal departments and to create consistent expectations for both builders and users. They want the SEC and the Commodity Futures Trading Commission to publicly affirm support for self-custody, and have urged the agencies to “utilize their existing authority to provide exemptive relief for digital assets and DeFi technology” in line with recommendations from the President’s Working Group Report on Digital Assets. Finally, the letter calls for updated guidance from FinCEN that would make clear the Bank Secrecy Act does not apply to noncustodial blockchain software, consistent with earlier agency positions.
https://crypto.news/crypto-firms-call-for-immedeate-regulatory-clarity-in-letter-to-president-donald-trump/
Tag Archives: crypto-friendly
Analyst Predicts 4 Month Altseason as Fed Rate Cuts and M2 Money Supply Rise
Crypto Analyst Predicts Parabolic Altseason Within 4-6 Months Amid Key Market Catalysts
Crypto analyst @Ashcryptoreal has forecasted a potential parabolic altseason within the next four to six months. In a post on X dated October 26, 2025, the analyst highlighted that the total cryptocurrency market cap remains in a bullish trend, with panic sellers currently being flushed out ahead of the next major price movement.
### Macro Factors Supporting a Bullish Outlook
Several macroeconomic developments are aligning to support this optimistic forecast:
– **Expanding M2 Money Supply:** Historically, an increasing M2 money supply correlates with more liquidity flowing into risk assets like cryptocurrencies.
– **Federal Reserve Policy Shift:** The Fed is expected to end its quantitative tightening phase and possibly begin quantitative easing. Additionally, three to four interest rate cuts are anticipated within the next six months, which typically lowers borrowing costs and encourages institutional investment into crypto markets.
– **Strong Equities Market:** US equities are reaching all-time highs, signaling broader market optimism.
– **Gold Market Capitalization:** Gold’s market cap has soared to $30 trillion, potentially triggering capital rotation into Bitcoin. Investors often view Bitcoin as a digital alternative to gold, a pattern observed in previous market cycles where Bitcoin rallied after gold hit peak valuations.
– **Pending Altcoin ETFs:** There are currently 155 altcoin exchange-traded fund (ETF) filings awaiting approval. These could be greenlit following a resolution to a potential government shutdown, paralleling the impactful Bitcoin ETF market entries earlier in 2025.
### Why Has Altseason Been Delayed?
Despite Bitcoin’s impressive 8.5x price increase from its November 2022 bottom of $15,400 to around $126,000, most altcoins have lagged behind. Only a select few, such as ONDO, FET, SUI, SOL, and BNB, have hit new all-time highs during the current cycle.
Ethereum, a key market barometer, hit its previous all-time high near $4,800 in Q3 2025 and touched around $4,900 in recent trading. Market analysts stress that Ethereum must decisively break and hold above the $5,000 mark before a true altseason can begin.
Investor caution remains high due to ongoing trade war tensions and tariff concerns throughout 2025. This uncertainty has pushed liquidity toward safer assets like gold, bonds, and top-tier stocks, delaying broader crypto market participation.
### Market Conditions Favoring Risk Assets
The present market setup closely resembles the patterns seen during the 2017 and 2021 bull runs. Typically, safer assets rally first, building trader confidence before liquidity gradually shifts toward riskier investments.
The flow of capital generally moves from Bitcoin to Ethereum, and then from large-cap altcoins to smaller-cap altcoins. With expected rate cuts, the end of quantitative tightening, and an easier monetary policy stance, liquidity is likely to return to risk assets — potentially propelling Bitcoin to new highs, followed by Ethereum.
Once Ethereum convincingly surpasses $5,000, analysts anticipate renewed capital inflows into altcoins.
### On-Chain and Sentiment Indicators
– **Bitcoin:** On-chain data shows a 15% increase in Bitcoin transfers to long-term holding wallets, indicating strong conviction among major holders. Trading volumes on leading exchanges reflect increased whale accumulation activity.
– **Ethereum:** The Relative Strength Index (RSI) currently hovers around 55, signaling neutral momentum and leaving room for upward price movement without overbought pressure.
– **Market Sentiment:** Overall sentiment is shifting toward greed as these bullish catalysts emerge.
Bitcoin currently faces resistance at $70,000; a breakout above this key level could confirm the onset of a parabolic phase. Support levels have been identified around $60,000 for Bitcoin and $2,500 for Ethereum, which may serve as attractive entry points during potential market dips.
### The Impact of Altcoin ETFs
The substantial filing of 155 altcoin ETFs represents a significant development for the crypto market. If approved, these ETFs could have a transformative impact similar to the Bitcoin ETFs that drove billions of dollars in inflows earlier this year.
Altcoins such as Solana and Avalanche may experience increased volatility, with price swings exceeding 10% following positive regulatory or market news.
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In summary, with multiple macroeconomic factors aligning, easing monetary policies, growing institutional interest, and anticipated Ethereum price breakthroughs, the cryptocurrency market appears poised for a robust altseason within the next half-year according to analyst @Ashcryptoreal’s outlook. Investors should watch key price levels and regulatory developments closely for the next phase of market growth.
https://coincentral.com/analyst-predicts-4-month-altseason-as-fed-rate-cuts-and-m2-money-supply-rise/