Crypto Regulations and Taxation Developments in the United States: A Summary of Key Changes
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Crypto Regulations in the USA 2025
The United States has witnessed a seismic shift in its stance towards cryptocurrency regulation, with a significant move away from “regulation by enforcement” and towards structured rules and federal clarity. As we enter the second half of 2025, it is essential to summarize the key developments that have shaped this new landscape.
One of the most critical milestones is the White House’s release of a comprehensive crypto policy report on July 30, 2025. This landmark document outlines a coordinated vision for how crypto assets should be regulated, providing crucial guidance on stablecoins, decentralized finance (DeFi), self-custody, tokenization of traditional assets, taxation, and anti-money-laundering reforms.
In a significant move, the US Senate passed the GENIUS Act, which creates licensing and regulatory requirements for stablecoin issuers. Furthermore, it lays down requirements for the custody and safekeeping of certain payment stablecoin-related assets. The SEC has approved orders to permit in-kind creations and redemptions by authorized participants for crypto asset exchange-traded product (ETP) shares.
In addition, the House Committee has announced its plans to consider the CLARITY Act and the CBDC Anti-Surveillance State Act. Wyoming and Texas have pushed forward with new pro-crypto laws, while other states are exploring blockchain in public services and regulatory sandboxes.
Regulatory agencies, such as the SEC, CFTC, FinCEN, and FDIC/OCC, have also undergone significant changes. The SEC is shifting towards clearer regulatory guidelines for crypto assets, CFTC is collaborating with the SEC and Congress to clarify jurisdiction over digital commodities and derivatives, while FinCEN’s AML/CFT requirements remain central.
US Crypto Tax 2025
In the United States, cryptocurrency is taxed based on how long you hold the asset and your total taxable income. Short-term gains (assets held for one year or less) are taxed at ordinary income rates (10-37%), while long-term gains (>1 year) are taxed at lower capital gains rates (0-20%). Additionally, income from mining, staking, or receiving crypto as payment is taxed as ordinary income.
In 2025, the US has taken a significant step in creating licensing and regulatory requirements for stablecoin issuers.
Source: coinpedia.org
