According to @CNBC, the IRS will implement new crypto reporting requirements that make a classic crypto tax cheat risky starting with 2025 tax returns, signaling tighter data matching on digital-asset transactions for U.S. filers (source: CNBC). For traders, this underscores that crypto is treated as property and capital gains or losses must be reported, making accurate cost-basis tracking and comprehensive transaction records essential to align with federal rules (source: IRS Notice 2014-21; IRS Digital Assets FAQs).

According to Tom Emmer (@GOPMajorityWhip), Minnesota Governor Tim Walz is being compared to California Governor Gavin Newsom, highlighting concerns about similar regulatory approaches (source: Twitter, June 10, 2025). Trading analysts note that Newsom’s policies have historically influenced crypto regulation, especially in California—a key state for blockchain innovation. This comparison raises potential implications for the cryptocurrency market if Walz adopts comparable regulatory stances, possibly affecting investor sentiment, state-level compliance requirements, and the overall U.S. crypto market landscape (source: Twitter, June 10, 2025).