According to Fox News, House Republicans have released a new tax plan as part of Trump's 'big, beautiful bill' on May 10, 2025, which introduces significant changes to capital gains taxation and investment incentives. For cryptocurrency traders, the plan's proposed tax reductions on capital gains could lead to increased trading volumes and heightened market volatility, especially as investors seek to optimize tax strategies before potential legislative approval. The bill also includes provisions that may impact digital asset reporting requirements, directly affecting compliance and transparency for crypto market participants. Source: Fox News.