#币安HODLer空投XPL# Major news just came in! Bloomberg confirms that Mike Crapo, chairman of the U.S. Senate Finance Committee, has officially decided to hold a hearing on digital asset taxation on October 1. Coinbase and other heavyweight industry organizations like the American Institute of Certified Public Accountants have confirmed their participation in the testimony. This move clearly indicates that U.S. regulators are sending a clear signal to the Crypto Assets world that a regulatory framework is about to take shape.

Why is this hearing so important?

Firstly, the revision of tax regulations will directly impact the global Crypto Assets market, which is worth $2.5 trillion. Past activities that were in a regulatory gray area, such as offshore tax evasion, concealed trading, and ambiguous tax reporting, may now face strict scrutiny. Compliance will become the basic threshold for survival in the industry.

Secondly, the fact that mainstream trading platforms are invited to participate in the hearings is a strong signal indicating that the industry has anticipated this regulatory trend. Investors who are still focused on speculating on small coins need to be alert: when the policies are officially implemented, assets that do not comply with regulatory requirements may face severe impacts.

On a deeper level, the United States is actually leveraging tax policy to compete for the global pricing dominance of digital assets. Once the tax rules are clarified, the barriers for institutional investors to enter the market will be significantly lowered, and mainstream crypto assets like Bitcoin and Ethereum are likely to gain official recognition and become compliant digital assets. In contrast, projects that lack actual value and compliance support may be eliminated from the market.

It is worth noting that regulatory policies themselves are not the enemy of the crypto market: they may bring volatility in the short term, but in the long run, compliance will provide a stable foundation and growth momentum for the market. Investors should now closely monitor the subsequent actions of the IRS, as the specific rules they establish will largely influence the future direction of the market.

"Investors who prepare in advance before the policy is officially implemented have actually laid the groundwork for future market opportunities." $BTC