The U.S. Treasury and IRS have introduced new regulations offering significant tax breaks to large private equity firms, cryptocurrency companies, foreign real estate investors, and multinational corporations. This follows the signing of the "Beautiful Act" by Trump in July, which provided $1 trillion in corporate tax cuts but did not adjust minimum tax rules, leading to increased tax burdens for some companies. Notably, crypto firms like Coinbase and Strategy successfully lobbied for an exemption from "mark-to-market" gains, with the IRS approving this request on September 30, specifically mentioning "digital assets."