US Regulatory Stance Becomes Increasingly Tough, Crypto Industry Defense Battle Has Begun

In recent weeks, red alerts have suddenly sounded for the US crypto industry. From strengthening regulation of the DeFi market to introducing tax policies targeting the entire crypto industry, the US crypto industry has been hit by powerful regulatory sniping, sparking a crypto industry defense battle. Why does the US crypto industry oppose the tax clause? On July 28, an infrastructure bill draft aimed at improving US transportation, electricity, and water resources added a clause to tax the US crypto industry at the last moment of Senate debate.