A policy bringing innovative changes to the US cryptocurrency industry has been announced. The statement by incoming President Trump on implementing a tax exemption policy for US-based cryptocurrency companies is expected to have a significant impact on the entire industry.
Current Status and Features of Pi Network
Based in Palo Alto, California, Pi Network is a notable project with approximately 60 million Pioneer members worldwide. It features an innovative approach called mobile mining, making it easy for general users to participate.
Details and Implementation Impact of the New Policy
This policy will abolish capital gains tax of up to 37%. It will apply to the investment profits of US-based cryptocurrency companies, aiming to establish the US’s position as a global cryptocurrency hub.
Specific Impact on Pi Network
- Increased incentive for investors to hold long-term
- Increased attention from institutional investors
- Improved trading liquidity
- Accelerated ecosystem development
Impact on the Global Market
With US-based cryptocurrencies gaining a competitive advantage, the landscape of the international cryptocurrency market may change. This is expected to be a significant growth opportunity, especially for innovative projects like Pi Network.
Expansion of User Benefits
Particularly for users within the US, the abolition of taxes on mining revenue is expected to encourage more active participation. Furthermore, the entry of institutional investors may improve trading stability and liquidity.
Future Outlook and Challenges
The implementation of the tax exemption policy is likely to accelerate Pi Network’s growth. However, it is necessary to closely monitor future policy announcements regarding the specific implementation timing and detailed application conditions.
Expected Developments
Various positive developments are anticipated, such as further community expansion, promotion of institutional investor entry, and acceleration of exchange listings. This could be a crucial turning point towards realizing the long-term vision of building a global financial system.