· What: A draft bill is being prepared in the U.S. House of Representatives. · Goal: To create a de minimis exemption for capital gains taxes on cryptocurrency transactions. · Specifics: The exemption would apply to stablecoin transactions (like those using USDC or USDT) for gains under $200. · Context: This is part of a broader, ongoing effort by some lawmakers to create clear and practical tax rules for everyday cryptocurrency use.
Why This Matters:
1. Reducing Compliance Burden: Currently, every crypto transaction (even buying a coffee with crypto) is a taxable event requiring calculation of capital gains/losses. For small, everyday transactions, this tax reporting is complex and cumbersome for users. 2. Focus on Stablecoins: Targeting stablecoins is strategic, as they are designed to maintain a 1:1 value with a fiat currency (like the USD). Their price volatility is minimal, making them the most likely candidate for use in daily payments. The tax liability on a stablecoin transaction is typically very small (cents), but the reporting requirement remains. 3. Legislative Momentum: It indicates continued and more detailed work in Congress to fit crypto into the existing financial and tax framework. Previous proposals have included higher exemption thresholds (e.g., for gains under $50 or $200 in total assets).
Important Caveats & What to Watch:
· Draft Bill Stage: This is a draft. It has not been introduced, voted on, or passed. The process from draft to potential law is long and uncertain. · Final Details: The exact threshold ($200) and scope (only stablecoins, or other crypto assets?) could change. · Broader Legislation: This could be part of, or a precursor to, larger crypto regulatory bills like the Financial Innovation and Technology for the 21st Century Act (FIT21) or other market structure legislation. · Senate & President: Even if passed by the House, it would need to pass the Senate and be signed by the President to become law.
· Entry: 0.00785 · Stop Loss (SL): 0.00746 · Take Profit (TP): 0.00903
Key Points to Remember:
1. This is not financial advice. Always do your own research (DYOR). 2. Use the Stop Loss. It is essential, especially for a volatile asset like a meme/anime coin. 3. Consider taking partial profits at your TP target instead of closing the entire position. 4. Check overall crypto market sentiment and the coin's trading volume before entering.$ANIME #TradingSignals #tradinAnalysis101 #TradingCommunity #Anime
🚨 MARKET UPDATE 6 of the 12 FOMC members are now leaning toward a 25 bps rate cut in January. After a full week of speeches and fresh data, several policymakers have shifted their stance. $ANIME $SOPH $KERNEL
🚨 MARKET UPDATE 🇺🇸 Nearly half of FOMC members (5 out of 12) are leaning toward a 25 bps rate cut as early as January. If approved, this move could unlock around $1.2 trillion in fresh liquidity for markets. $ANIME $GIGGLE $SSV
⚠️ FED WATCH: WHY POWELL IS HOLDING THE LINE Jerome Powell signaled that easing policy too soon could reverse the hard-won progress on inflation. The Fed is more comfortable keeping conditions tight for longer than risking an early move.$ANIME $SOPH $SSV
📉 INFLATION SHOWS SIGNS OF EASING — BUT THE MISSION ISN’T OVER Powell noted that inflation data has improved recently, but emphasized that the Fed’s work is still incomplete. A few positive reports won’t be enough to shift monetary policy. What the Federal Reserve wants to see is long-term, consistent progress, not short-term relief. $GIGGLE $AT $SOPH
💥 MARKET UPDATE: 🇺🇸 There is a high probability (around 75%) that Americans could receive stimulus payments in 2026, according to current discussions and projections.
Market Update: On December 19, U.S. spot Bitcoin ETFs saw a combined net outflow of $158.3M. Data indicates that BlackRock-linked funds recorded approximately $173.6M in BTC selling activity, reflecting short-term institutional profit-taking or repositioning.
INSTITUTIONS FLIPPED RETAIL IN #BITCOIN HOLDINGS THIS CYCLE. BTC MOVES FROM HERE WILL LIKELY LOOK NOTHING LIKE PAST CYCLES. ARE YOU READY? #bitcoin #BTC
Giggle Coin is a decentralized cryptocurrency that provides a secure and transparent platform for users. It is a blockchain-based coin that offers various benefits to users.
Features of Giggle Coin:
It is a decentralized coin, meaning it is not controlled by any central authority.
It provides a secure and transparent platform for users to conduct their transactions.
It is a blockchain-based coin, meaning it uses a secure and transparent ledger system.
Uses of Giggle Coin:
It can be used as a payment system, allowing users to conduct their transactions.
It can be used as a storage system, allowing users to store their data.
It can be used as a smart contract system, allowing users to execute their contracts.
Current Status of Giggle Coin:
It is a new coin, recently launched.
It has a small community, where users can interact with each other.
It has a good future, where it can become a large and active community. #giggle $GIGGLE