New Bitcoin tax rules may drive growth in the cryptocurrency market

According to recent media reports, the Internal Revenue Service is expected to update its cryptocurrency guidelines in the coming weeks. In response to this, an article analyzes that US lawmakers are worried that the United States lags behind other countries in the encryption industry. This concern prompted them to consider enacting a bill to solve the legal problems in the field of cryptocurrency, thereby promoting the growth of the cryptocurrency market. US legislators will avoid categorizing cryptocurrencies into securities, thereby promoting the development of Bitcoin-friendly rules.