According to Sumit Gupta (CoinDCX), the Supreme Court of India has highlighted that the 30% taxation on crypto trading profits implies a form of official recognition for cryptocurrencies. The Court questioned why crypto assets are being taxed without corresponding regulatory measures, emphasizing that the issue needs expert consultation (source: Sumit Gupta on Twitter, May 20, 2025). For traders, this development signals potential movement toward clearer regulations, which could impact trading strategies and market participation in India. Traders should monitor regulatory updates closely as they might influence liquidity, compliance costs, and overall market sentiment.