ilmscore | This Will Change Change Crypto FOREVER – What You MUST Know!

Predictions from this Video

Total: 29
Correct: 0
Incorrect: 0
Pending: 29
Unrated: 0
Prediction
Topic
Status
There is a possibility of the US government purchasing more Bitcoin for a 'US Bitcoin Reserve,' with details expected soon from senior administration officials.
"One wild card here, however, is the potential for the government to purchase more BTC for the US Bitcoin Reserve. This was mentioned following Trump's original executive order that formed the White House working group behind this report. While the report offers no new detail, and Treasury officials have been sidestepping questions, Axios reports that details are expected soon, citing senior administration officials."
BTC
Pending
Clearer regulatory definitions for crypto assets are expected to prevent innovation from moving offshore.
"By carving up the ecosystem into clear buckets, the report says agencies can end the guessing game that has driven innovation largely offshore."
Crypto Regulation
Pending
The White House report endorses the Clarity Act's proposed regulatory framework, assigning non-security digital assets to the CFTC and securities to the SEC.
"the Clarity Act gets a pretty hefty endorsement in this White House report. It flat out states that spot markets for nonsecurity digital assets should be regulated by the CFTC while anything that really is a security stays with the SEC."
Clarity Act
Pending
A unified federal framework for crypto trading is proposed, allowing single platforms to offer diverse regulated products.
"They call for a unified federal crypto trading framework that lets a single platform offer a broad range of crypto and other regulated products subject to regulator oversight."
Crypto Market Structure
Pending
Federal banking regulators are directed to end the practice of de-banking crypto businesses and individuals, treating them like other lawful customers.
"According to this White House report, that era for US citizens and businesses is coming to an end. In fact, the report includes a direct command for federal banking regulators to ditch the old chokeoint mindset and treat digital asset businesses and crypto holding individuals the same way they treat any other lawful customers."
Banking Access for Crypto Firms
Pending
The Federal Reserve is instructed to create a transparent process for granting master account access to crypto-friendly banks and fintex.
"The report goes further, though, telling the Fed to publish a transparent playbook for granting master account access to crypto friendly banks and fintexs."
Master Account Access
Pending
Implementation of master account access could reduce crypto on/off ramp times to seconds and make stablecoin redemptions instantaneous.
"If the Fed follows through, on and off ramps for crypto could shrink from days to minutes or even seconds, and stable coin redemptions would be as instant as swapping tokens on chain."
Stablecoin Settlements
Pending
Regulators are encouraged to establish sandboxes and safe harbors for banks to test tokenized deposit products in controlled environments.
"The report even nudges regulators to set up sandboxes or safe harbors for market activity and calls for clarity so banks can participate in pilot programs that lets Tradfi experiment in controlled conditions before rolling out consumer-grade crypto products."
Tokenized Deposits
Pending
Despite increased KYC requirements due to enhanced AML and wallet screening, the report supports self-custody rights.
"The report's clear support for self- custody shows that key pillars of crypto's ethos should remain intact. At least that's the case for now. What's certainly worth it, however, is checking out the Coinbau deals page because that's where you'll find signup bonuses of up to $100,000, trading fee discounts of up to 50%, and cash back on deposits of up to 75% on crypto exchanges. These deals won't be around for long, so take advantage of them ASAP using the link down below or the QR code on the screen."
AML and Wallet Screening
Pending
The White House report explicitly supports the Genius Act for stablecoins and urges its swift implementation.
"When it comes to stable coins, however, the report explicitly states its support for the recently passed stable coin bill, the Genius Act. The White House working group calls for officials to quote faithfully and expeditiously implement Genius."
Genius Act
Pending
A checkout system is envisioned where merchants automatically receive dollars, with stablecoins facilitating the payment process without direct crypto interaction for the merchant.
"The idea is to have a checkout system that automatically uses the best payment method so merchants receive dollars without dealing with any cryptocurrency issues."
Stablecoin Payments
Pending
The report warns against a state-run CBDC, advocating for private tokenized dollar formats to foster competition and protect innovation.
"They warned that a state-run tokenized dollar could cannibalize deposits, throttle private innovation, and hand big brother a full view of everyone's spending. Instead, the report says the dollar's future lies in private token formats that keep the greenback's brand while letting competition sharpen fees and features."
Central Bank Digital Currency (CBDC)
Pending
The strategy to maintain US dollar dominance is to make compliant stablecoins highly efficient, liquid, and cost-effective for cross-border transactions.
"Make compliant dollar peg stable coins so good, so liquid, and so cheap to move across borders that businesses and individuals see no reason to use any other currency."
US Dollar Dominance
Pending
Tokenized USD is predicted to enable cross-border freelancers to bill and transact locally without incurring significant foreign exchange fees.
"Crossber freelancers could bill in tokenized USD and spend or cash out locally without eating 5 plus% in foreign exchange fees."
Freelancer Payments
Pending
Over 20 pages of the report focus on combating illicit crypto activities like ransomware, sanctions evasion, and mixer usage, while still aiming to protect legitimate users.
"Over 20 pages are devoted to cracking down on illegal activity tied to crypto, albeit while still aiming to protect legitimate activity. The report dives into a load of topics in relation to illicit crypto activity, including ransomware crews, sanctioned actors, illicit use of crypto mixers, and more."
Illicit Activity Crackdown
Pending
A key priority of the report is to strengthen and update Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) measures in the crypto space.
"One of the report's main priorities is therefore to tighten and modernize AML and CFT measures. That's anti-moneyaundering and countering the financing of terrorism."
AML/CFT Measures
Pending
The Treasury is urged to evaluate further measures against crypto mixers like Tornado Cash.
"With respect to mixers such as Tornado Cash, the report's authors urged the Treasury to evaluate next steps on measures targeting such projects."
Crypto Mixers
Pending
Increased wallet screening and the use of blockchain surveillance tools are expected for users across exchanges, stablecoin issuers, and potentially banks to flag illicit addresses.
"One change everyday users will definitely notice from all this tighter wallet screening across exchanges, stable coin issuers, and possibly banks. The report pushes for broader use of blockchain surveillance tools to flag anything tied to mixers, ransomware wallets, or sanctioned addresses."
Wallet Screening
Pending
Regulations are supported to empower exchanges and custodians to temporarily freeze suspicious crypto funds during investigations, rather than overhauling forfeiture laws.
"It backs the idea of regulations that give exchanges or custodians more power to temporarily freeze suspicious funds while authorities investigate. This is all instead of pushing for a full overhaul of forfeite laws."
Legal Tools for Crypto Recovery
Pending
The US will lead efforts to close global loopholes in crypto regulation, as uneven rules currently allow bad actors to exploit the system.
"The White House working group presses for the US to lead efforts in closing global loopholes, warning that uneven rules let bad actors exploit a global system."
Global Crypto Loopholes
Pending
Tax guidance for crypto is to be modernized to better reflect its actual use cases, moving away from frameworks designed for stocks and fiat currencies.
"The White House working group calls for modernizing tax guidance to reflect how crypto actually works rather than trying to fit it into frameworks built for stocks and fiat currencies."
Crypto Taxes
Pending
An exemption for small crypto transactions, including staking rewards, airdrops, and personal transfers, from capital gains reporting is recommended.
"One of the tax fixes the report recommends is an exemption for small crypto transactions. It urges the Treasury and Congress to clarify when low value receipts like staking rewards, airdrops, or small personal transfers can be excluded from capital gains reporting."
Small Crypto Transactions Tax Exemption
Pending
The taxation of staking, mining, and airdrop rewards is to be reconsidered, specifically whether income recognition should occur upon receipt or sale.
"The report also calls for revisiting exactly how staking, mining, and airdrop rewards are taxed. It urges the Treasury and the IRS to reconsider whether income should be recognized when rewards enter a wallet or only when they are sold."
Staking and Airdrop Taxation
Pending
US taxpayers will be required to report foreign crypto accounts, similar to how foreign bank accounts are reported.
"The report recommends new rules that would make US taxpayers report foreign crypto accounts just as they do with overseas bank accounts."
Foreign Crypto Account Reporting
Pending
Wash sale rules will be strictly enforced for actively traded crypto, with an exception for fully backed stablecoins.
"The report pushes to definitively close this potential loophole for actively traded crypto, but makes an exception for fully backed stable coins."
Wash Sale Rules
Pending
A more practical crypto tax regime is envisioned, with exemptions for small buys, deferred taxation on staking rewards until sale, and closure of loopholes.
"The working group's vision would implement a more practical tax regime. Small buys are exempt, staking isn't taxed until rewards are sold, and some glaring loopholes would be closed."
Crypto Tax Regime
Pending
Q4 is expected to see more guidance and favorable crypto-related actions from the SEC, CFTC, and banking agencies.
"In practice, that means Q4 is likely to bring more guidance and further favorable crypto-reated actions from the SEC, CFTC, and banking agencies."
SEC and CFTC Actions
Pending
Despite recent pressure, the Federal Reserve has not approved any new master accounts for crypto-associated institutions since 2022, and a previously approved institution lost its access.
"Since 2022, it appears that the Fed hasn't approved a single master account out of dozens of applications from crypto associated institutions. In fact, the one firm that previously had access, Reserve Trust, had its account revoked."
Master Account Applications
Pending
A draft of crypto tax reforms is anticipated in 2026, with current tax rules remaining in effect until then.
"Public signals suggest a draft may land in 2026, but until then, as unfortunate as it may be, current tax rules stand."
Crypto Tax Reform Timeline
Pending