House Speaker Mike Johnson is set to finalize the tax bill by July 4, 2025, linked to President Trump’s broader economic reforms. This legislation could significantly affect reporting regulations for cryptocurrencies like Bitcoin and Ethereum, prompting heightened scrutiny from investors.
As of May 22, 2025, Bitcoin’s price holds at 110,676.21 USD, with a market cap of 2.20 trillion USD. Market observers are noting potential regulatory changes stemming from the tax bill, reflecting historical patterns of volatility impacting cryptocurrency markets.
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