Bitcoin Nears 20% Drop as Volatility Remains a Constant

The video discusses a new tax law affecting crypto entities, particularly exchanges like Kraken. It highlights the controversy over the broad definition of 'broker' and its implications for individuals. Legislative responses include Senate objections and a bipartisan effort to amend the law. The video also explores Bitcoin's market trends, noting a decoupling from tech stocks and a shift in trading dynamics. Ethereum's unique market narrative is also covered. Finally, the video addresses increased lobbying efforts by crypto firms, including Kraken's involvement.

What are the new tax reporting requirements introduced by the recent tax bill for crypto entities?

How does the definition of 'broker' in the new legislation affect individual users of crypto?

What concerns were raised regarding the surveillance measures included in the tax bill?

What is the significance of the bipartisan effort in the House regarding the recent tax bill?

How has the correlation between Bitcoin prices and the NASDAQ 100 changed recently?

What trends are observed in Bitcoin trading and how do they relate to market sentiment?

What role is Cracking playing in the lobbying efforts for crypto legislation?