According to Compounding Quality (@QCompounding), IFRS, or International Financial Reporting Standards, is a globally recognized set of accounting rules that provide a framework for transparent and comparable financial statements (source: QCompounding, June 20, 2025). For cryptocurrency traders and stock market participants, IFRS compliance is crucial as it ensures accurate valuation and reporting of digital assets, impacting risk assessment and investment decisions. As more crypto companies adopt IFRS standards, market data becomes more reliable, aiding traders in evaluating company performance and making informed trading strategies.

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.