# tax policy

Europe is sending conflicting signals on crypto taxation, as a Dutch proposal to tax paper gains contrasts with a Czech move to eliminate Bitcoin capital gains. Corporate and sovereign decisions, including a $550 million share sale by Coinbase's CEO and Bhutan's 100 BTC liquidation, reveal how different balance sheets navigate volatility. Mounting compliance and security incidents highlight growing operational risks across stablecoins, exchanges, and custody.

Enforcement, tax proposals, and policy negotiations are converging to reset incentives across digital assets. A 100-month prison term in the SafeMoon case, a White House push on the CLARITY Act amid a fight over interest-bearing stablecoins, and a Dutch plan to tax unrealized gains illustrate how power, yield, and risk are being redefined.