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<div class="key-points-section"><strong>Key Points:</strong>
 <ul>
  <li>The Trump administration proposes a global crypto tax framework for the U.S.</li>
  <li>The proposal aims to report overseas crypto accounts.</li>
  <li>DeFi transactions are currently exempt from new reporting requirements.</li>
 </ul>
</div>
<p>The Trump administration officially submitted a proposal to join the OECD's Cryptocurrency Asset Reporting Framework, aimed at enhancing U.S. tax compliance for overseas crypto accounts, with global implementation targeted by 2027.</p>
<p>This move could reshape global crypto tax norms, potentially increasing scrutiny on custodial assets and requiring compliance upgrades by exchanges, while excluding decentralized finance operations from new reporting mandates.</p>
<h2 id="u-s-moves-towards-joining-oecd-crypto-framework">U.S. Moves Towards Joining OECD Crypto Framework</h2>
<p>President Trump's administration has promoted a regulatory initiative that involves the United States joining the OECD's Cryptocurrency Asset Reporting Framework. This framework mandates member countries to share cryptocurrency asset information automatically, aiming to tackle cross-border tax evasion.</p>
<p><strong>If approved</strong>, the IRS will require U.S. taxpayers to report overseas cryptocurrency accounts, facilitating international tax information exchange. <strong>This initiative is not</strong> designed to impose new reporting requirements for DeFi transactions.</p>
<p>Senator Cynthia Lummis, a prominent Bitcoin advocate, <a href="https://www.lummis.senate.gov/press-releases/lummis-unveils-digital-asset-tax-legislation/" rel="noopener noreferrer nofollow">unveils digital asset tax legislation</a> and stressed the importance of modernizing crypto taxation, while the proposal's intention to exclude DeFi transactions from new reporting has been welcomed. <strong>Key stakeholders see this as a beneficial step for</strong> U.S. digital asset growth.</p>
<h2 id="bitcoin-s-93-900-price-amid-new-regulatory-proposals">Bitcoin's $93,900 Price Amid New Regulatory Proposals</h2>
<p style="background-color: #222222; color: #ffffff; padding: 10px; border-radius: 5px;"><strong>Did you know?</strong> The Cryptocurrency Asset Reporting Framework is modeled after FATCA, which also tackled cross-border financial data sharing.</p>
<p><strong>CoinMarketCap data</strong> indicates Bitcoin (BTC) is priced at $93,900.83 with a market cap of 1.87 trillion as of November 17, 2025. Its <strong>dominance is 58.55%</strong>. In recent movements, BTC recorded a -0.32% change in 24 hours and a -10.94% change over one week.</p>
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/11/Bitcoin-daily-chart-on-1707-UTC-on-November-17-2025file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2025/11/Bitcoin-daily-chart-on-1707-UTC-on-November-17-2025file.jpeg" alt="bitcoin-daily-chart-4443"> </a>
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  Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 17:07 UTC on November 17, 2025. <em>Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a></em>
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<p>The Coincu research team highlights that adherence to international frameworks like CARF could spur <strong>innovative financial technologies</strong>. Analysts emphasize the need for clear <strong><a href="https://coincu.com/news/clarity-act-crypto-regulation-boost/" rel="noopener noreferrer nofollow">regulatory guidelines to enhance U.S. competitive positioning</a></strong> in the global digital asset market.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/uncategorized/trump-us-global-crypto-tax-framework/" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Trump Administration Proposes U.S. to Join Global Crypto Tax Framework

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