PANews reported on November 23 that according to Cointelegraph, the non-profit cryptocurrency advocacy organization Coin Center warned that although Trump's victory is a good thing for the cryptocurrency industry, entrenched policies may still scare away cryptocurrency innovators in the United States. In an article, Van Valkenburgh, director of research at Coin Center, analyzed the prospects for U.S. crypto policy after the 2024 election and shared three "serious threats" facing U.S. crypto users and developers in 2025. One major threat comes from the cryptocurrency reporting requirements under Section 6050I of the U.S. Tax Code, which requires people who receive $10,000 in cryptocurrency to make undocumented reports to the IRS. The second and third major threats stem from sanctions imposed on Tornado Cash, including criminal charges of unlicensed remittances against mixing services and Samourai Wallet.