Biden's 44% Crypto Tax Plan Sparks Intense Backlash
Biden's 44% crypto tax plan faces backlash for stifling innovation and competitiveness. Clarifications on misconceptions emerge amid wide opposition.

Biden's 44% crypto tax plan faces backlash for stifling innovation and competitiveness. Clarifications on misconceptions emerge amid wide opposition.
Recently, Bitcoin’s presence has been a bit overwhelming. Three current and former presidents/prime ministers have maxed out their Bitcoins one after another.
The budget request, released on Thursday, includes room for “wash sale rules,” for crypto.
The World Bank doesn’t look likely to become more Bitcoin-friendly under its next leader.
Biden said his goal was to get price increases under control without hurting economic growth and to lower inflation while keeping the labor market resilient.
Following the FTX debacle, global regulators were reportedly in talks to implement global cryptocurrency regulations.
Congress urged to come to agreement and speed up crypto regulations. Fed rate hikes are hitting developing countries the hardest.
U.S. President Joe Biden ordered federal agencies in March to analyze the crypto industry in order to design better regulations protecting users.
The Internal Revenue Service is hiring a fleet of new agents. And they’re probably coming for you — regardless of your income level.