Crypto Tax Answers: What’s Shaking Up Crypto This Week? – Week of April 14–20, 2025

It’s time for your weekly market pulse from Crypto Tax Answers, where we break down the noise and bring you the most important updates from the crypto universe—without the fluff.

The third week of April 2025 has been nothing short of explosive. From political bombshells to bold predictions and major legal shifts, it’s clear that crypto is not just surviving—it’s evolving at lightning speed. Whether you're a seasoned trader or just crypto-curious, this week’s roundup is packed with insights that could shape your next move.

Let’s dive into the chaos, clarity, and crypto commentary that’s got the entire industry buzzing. 💥

Trump’s Crypto Pivot: Less Paperwork, More Power Moves?

The biggest political headline of the week? President Donald Trump’s administration just made a massive play for crypto legitimacy. On April 10, Trump signed H.J. Res. 25, a resolution that guts overly burdensome IRS reporting requirements for DeFi platforms and brokers.

🔥 What this means for you:

• DeFi traders and yield farmers may soon face fewer KYC/AML headaches.

• Reporting obligations are expected to become simpler and more tax-efficient.

• The bill hints at broader institutional acceptance of decentralized finance.

But that’s not all. Rumors are hotter than ever about the U.S. forming a strategic Bitcoin reserve, with Treasury Secretary Scott Bessent calling it “the digital gold of our era.” Binance’s CEO CZ even suggested that global superpowers hoard BTC like oil or gold. Could we be entering an era where Bitcoin becomes a sovereign asset?

🏛️ SEC Roundtable Set to Shake Up Custody Rules

The Securities and Exchange Commission (SEC) is holding a crypto custody roundtable on April 25, and it could be a game-changer. With panelists from Kraken, Anchorage Digital, Fidelity, and Fireblocks, the focus is on tightening (and clarifying) how exchanges and institutions safeguard your crypto.

Why this matters:

• Better custody standards = more institutional confidence.

• We may see clearer frameworks for staking rewards, wrapped tokens, and cold storage.

• Post-Coinbase lawsuit drop, this roundtable signals a kinder, more constructive SEC.

Stay tuned—this one could reshape how crypto is stored and insured in the U.S.

📈 Cathie Wood’s Bitcoin Moonshot: $1.5 Million by 2030?!

You read that right. ARK Invest’s head honcho Cathie Wood is doubling (tripling?) down on her legendary bullishness. According to their newly released Big Ideas 2025 report, she’s pegging Bitcoin’s price at $1.5 million by 2030—a potential 1,686% increase from today’s price.

Her reasoning?

• The Bitcoin ETF boom has introduced mainstream access.

• Volatility is dropping while adoption skyrockets.

• The April halving has historically preceded major bull runs.

Of course, these are long-term projections, not guarantees—but in the world of crypto, confidence is often contagious.

🐕 SHIB Bites Back—Or Does It?

Not all coins are riding high. Shiba Inu (SHIB) continues its downward spiral, down 46% year-to-date. With global markets adopting a “risk-off” stance, meme coins are facing increased scrutiny.

Meanwhile, Bitcoin and Ethereum are holding strong, showing resilience amid global economic uncertainty. Is this the death of the meme coin era? Or just a seasonal dip?

South Korea Delays Crypto Tax Again—Investors Rejoice

South Korea’s government just delayed its 20% capital gains tax on crypto—again. Originally planned for 2022, then pushed to 2025, and now? 2027 is the new deadline.

With Upbit (South Korea’s top exchange) reporting a 34% drop in trading volume in Q1, the government appears to be playing it safe during a tense election cycle.

Takeaway:

If you're trading internationally, remember—crypto taxes vary wildly by jurisdiction. Know your region, or your profits could turn into problems.

⚖️ DOJ Says “No Thanks” to Crypto Rulemaking Role

In an unexpected memo released on April 7, the Department of Justice announced it will step back from setting regulatory frameworks in the crypto space, deferring that role to the SEC and other specialized agencies.

Some hail this as a win for innovation and clarity. Others say it’s simply bureaucratic reshuffling. Either way, it signals a growing desire for coherent, centralized rule-making—which is exactly what the industry’s been craving.

⚠️ BONUS ROUND: Other Quick Hits You Should Know

• 🟠 Coinbase quietly launched a beta for an AI-based tax tracker this week—users report it integrates nicely with DeFi wallets and Layer 2 protocols.

• 🧑‍⚖️ A U.S. district court ruled that NFTs can be classified as securities in certain contexts—expect fallout on OpenSea and Blur.

• 📉 USDC briefly depegged to $0.96 after a glitch in Curve pools—but Circle acted quickly, and it’s back to normal.

• 🌍 Nigeria’s central bank is reportedly in talks with Ethereum devs to build a new stablecoin framework—crypto continues to thrive in Africa!

🧠 What’s the Takeaway?

Crypto’s not just a trend—it’s a tectonic shift. The third week of April 2025 delivered big news on every front: politics, policy, predictions, and price action. Whether it’s the Trump administration clearing regulatory hurdles or Cathie Wood dreaming in seven figures, one thing’s clear:

👉 The momentum is real. The adoption is global. And the future is up for grabs.

At Crypto Tax Answers, we’ve got your back through every twist, turn, and tax form. ✅

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