According to Sumit Gupta (CoinDCX) on Twitter, the Indian Supreme Court highlighted that the 30% tax on crypto trading profits implies official recognition of cryptocurrencies. The Court questioned why cryptocurrencies are taxed but not regulated, and recommended that this regulatory gap be addressed with input from expert stakeholders. For crypto traders, this signals increasing legitimacy and the likelihood of future regulatory frameworks, which could impact trading volumes and market confidence in India. Source: Sumit Gupta (CoinDCX) on Twitter, May 20, 2025.