Crypto Tax Provision Effects?

Hi guys, any idea what effect the taxes would have on the crypto market in terms of a market crash? Whales like anonymity and laundering and transfers would become more difficult with kyc and taxes.

Though crypto is worldwide, a lot of whales from USA could influence the crypto market.

Also thoughts on Facebook launching their own blockchain, and using their clout to try to bury other blockchains and cryptos ?

Democrats support Facebook and are essentially clearing out the way for them by taxing cryptos and limiting DeFi.

Kind Regards