Faraday Future founder Jia Yueting attributed the recent surge in the cryptocurrency market to the US Treasury's proposal to relax CAMT regulations. The proposed changes would eliminate the 15% tax on unrealized Bitcoin gains for companies like MicroStrategy, which previously faced taxation under mark-to-market accounting standards. This move has been welcomed by firms such as MSTR and COIN, who argued that the tax was unfair and hindered global competitiveness. Jia Yueting highlighted that this regulatory shift is a significant advantage for companies holding crypto assets as a store of value and a hedge against fiat currency devaluation. He noted that the C10 Treasury is poised to become a central reserve in the Web3 financial system, transitioning from MicroStrategy's single asset model to a diversified basket of assets approach, potentially altering the asset allocation strategies of large institutions.