Crypto Policy Advocate Jason Somensatto Brings Bitcoin Tax Reform Pitch to Lawmakers

Ripple Ex-CTO Outlines Theoretical XRP Staking Plan to Counter IRS Overreach

This mirrors Trump's historical pattern of using lawsuits as leverage (e.g., 2016 tax return non-disclosure), now resolved quietly to avoid scrutiny ahead of the election. It reinforces market expectations that a potential Trump presidency would prioritize transactional settlements over structural reforms, potentially weakening regulatory rigor if he wins.

President Trump dropped his lawsuit against the IRS and Treasury Department, which he filed in January demanding $10 billion over the leak of his tax returns.