Coin Prices


News Explorer — Biden's Budget Seeks to Close Crypto Tax Loophole, Raise $24 Billion

Generated by AI, curated by humans


Mar 9, 5:26 am
Coindesk

Biden's Budget Seeks to Close Crypto Tax Loophole, Raise $24 Billion

U.S. President Joe Biden's proposed budget, set to be unveiled Thursday, will include a provision to close tax loss harvesting on crypto transactions. This would reduce wash sales trading by crypto investors and is expected to raise $24 billion. The budget would need to pass through the House of Representatives and the Senate before going to the president's desk for his signature. The U.S. Treasury Department has yet to publish formal guidance on the matter.

Latest

Jun 12, 12:09 pm
Decrypt

Altcoins Like Dogecoin and Solana Are Facing Losses As Traders Favor Bitcoin, While Experts See It As a Natural Correction

Read Summary

Jun 12, 7:01 am
Decrypt

Philippines Crypto Firms Now Face New Stringent Regulations, Disclosure Requirements

Read Summary

Jun 12, 6:40 am
Decrypt

US Senators Raise Alarms Over Meta's Stablecoin Ambitions

Read Summary

Jun 12, 5:20 am
Decrypt

Australian Financial Adviser Banned for Ten Years for Allegedly Stealing $9.6M in Crypto Scam

Read Summary

Jun 12, 4:24 am
Decrypt

DePIN Startup DIMO Expands to Japan to Bolster Domestic Vehicle Data Sector

Read Summary

Jun 11, 11:02 pm
Decrypt

Bitdeer See Rise in Bitcoin Production in May Despite Industry Challenges

Read Summary

Jun 11, 10:13 pm
Decrypt

Bitcoin NYC Kidnapping: Wild New Details as Alleged Attackers Plead Not Guilty

Read Summary

Jun 11, 9:38 pm
Decrypt

Dogecoin Pops as Musk and Trump Make Nice, Ethereum Hits 4-Month High: Analysis

Read Summary

Jun 11, 9:22 pm
Decrypt

GameStop Is Raising Another $1.75 Billion That Could Fuel Bitcoin Buys

Read Summary

Jun 11, 7:45 pm
Decrypt

Why This Nasdaq-Listed Firm Is Building a $500 Million Fetch.ai Crypto Treasury

Read Summary

Jun 11, 7:02 pm
Decrypt

CRCL Spikes After Circle Brings USDC to New Chain

Read Summary

Jun 11, 6:04 pm
Coindesk

Senators Warren, Blumenthal Prod Meta Over Stablecoin Plans

Read Summary

Jun 11, 6:05 pm
Decrypt

Why Lobbyists Say Crypto Market Structure Bill is Doomed

Read Summary

Jun 11, 5:55 pm
Decrypt

Invesco Appoints JPMorgan Blockchain Veteran to Lead Billion-dollar Digital Asset Portfolio, Reflecting Growing Institutional Interest

Read Summary

Jun 11, 5:09 pm
Decrypt

Stripe's Acquisition of Privy Will Boost Global Financial Services With Advanced Programmable Vaults Technology

Read Summary