PANews reported on October 3rd that Faraday Future founder Jia Yueting posted on the X platform: "The surge in the crypto market is due to the US Treasury's proposed relaxation of CAMT rules, which will no longer impose a 15% tax on unrealized Bitcoin gains held by companies like MicroStrategy. Previously, mark-to-market accounting standards taxed unrealized profits, sparking protests from MSTR and COIN, who called it unfair and detrimental to global competition. This is a huge boon for companies with treasuries. Long-term holding of crypto assets as a store of value and a hedge against fiat currency devaluation is gaining tacit approval and support from regulators. This will fundamentally change the asset allocation logic of large institutions. The C10 Treasury is positioned to become the core reserve of the Web3 financial system, essentially upgrading MicroStrategy's 'single asset' model to a more robust and diversified 'basket of assets' model."PANews reported on October 3rd that Faraday Future founder Jia Yueting posted on the X platform: "The surge in the crypto market is due to the US Treasury's proposed relaxation of CAMT rules, which will no longer impose a 15% tax on unrealized Bitcoin gains held by companies like MicroStrategy. Previously, mark-to-market accounting standards taxed unrealized profits, sparking protests from MSTR and COIN, who called it unfair and detrimental to global competition. This is a huge boon for companies with treasuries. Long-term holding of crypto assets as a store of value and a hedge against fiat currency devaluation is gaining tacit approval and support from regulators. This will fundamentally change the asset allocation logic of large institutions. The C10 Treasury is positioned to become the core reserve of the Web3 financial system, essentially upgrading MicroStrategy's 'single asset' model to a more robust and diversified 'basket of assets' model."
Jia Yueting: The surge in the crypto market may be due to the US's plan to relax CAMT regulations, and the C10 Treasury is positioned as a basket of assets.
PANews reported on October 3rd that Faraday Future founder Jia Yueting posted on the X platform: "The surge in the crypto market is due to the US Treasury's proposed relaxation of CAMT rules, which will no longer impose a 15% tax on unrealized Bitcoin gains held by companies like MicroStrategy. Previously, mark-to-market accounting standards taxed unrealized profits, sparking protests from MSTR and COIN, who called it unfair and detrimental to global competition. This is a huge boon for companies with treasuries. Long-term holding of crypto assets as a store of value and a hedge against fiat currency devaluation is gaining tacit approval and support from regulators. This will fundamentally change the asset allocation logic of large institutions. The C10 Treasury is positioned to become the core reserve of the Web3 financial system, essentially upgrading MicroStrategy's 'single asset' model to a more robust and diversified 'basket of assets' model."
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Will XRP Price Increase In September 2025?
Ripple XRP is a cryptocurrency that primarily focuses on building a decentralised payments network to facilitate low-cost and cross-border transactions. It’s a native digital currency of the Ripple network, which works as a blockchain called the XRP Ledger (XRPL). It utilised a shared, distributed ledger to track account balances and transactions. What Do XRP Charts Reveal? […]
Share
Tronweekly2025/09/18 00:00
Tropical Depression Wilma weakens into LPA
For the rest of Sunday, December 7, only Oriental Mindoro and Romblon are expected to see moderate to heavy rain from the low pressure area that used to be Wilma. But the shear line is still affecting several provinces.
Share
Rappler2025/12/07 11:50
JPMorgan CEO warns that a weak Europe threatens US economic stability
The post JPMorgan CEO warns that a weak Europe threatens US economic stability appeared on BitcoinEthereumNews.com. The Chairman and CEO of JPMorgan Chase, the United States’ largest bank, warns that the ongoing economic frailty of Europe could jeopardize US economic stability. Jamie Dimon stated that a “weak” Europe is not just a European problem, but one with serious implications for global growth, trade flows, and ultimately, the US economy. “If Europe goes down, we all go down,” Dimon warned, underlining that sluggish growth, burdensome regulation, and sluggish productivity on the continent represent a systemic risk for transatlantic and global prosperity. He made these remarks during the Reagan National Defence Forum, which was held on Saturday, December 6. At this time, Dimon insisted that “Europe has a real problem.” To elaborate on his claim, the CEO began by acknowledging that the continent has implemented some considerable safety measures. However, he voiced concerns about Europe’s approach, which pushes businesses away, chases off investment, and stifles innovation. This finding ignited heated debates among individuals. To address this controversy, Dimon highlighted a positive aspect of the continent. According to him, the continent is making a comeback. Dimon calls on the urgency to address the challenges that make Europe weak Earlier, Dimon raised concerns about Europe’s split status. As the head of the largest bank in the US, he explained that this division presents a substantial challenge that the world encounters. This statement was revealed after the CEO shared his letter to shareholders earlier this year, noting that Europe has some critical issues that need to be addressed as soon as possible. Even with these challenges in place, Dimon expressed his excitement about the launch of the euro, a significant accomplishment for the region. He also acknowledged Europe’s efforts to establish peace among its trading partners, primarily with Ukraine. Nonetheless, he urged the continent to work on its agreements within the…
Share
BitcoinEthereumNews2025/12/07 12:11