Biden wants to double capital gains and clamp down on crypto wash sales: Reports
The Biden administration reportedly wants to apply the wash sale rule to crypto, which would end a strategy in which a trader sells and then immediately buys digital assets for tax purposes.
The Biden administration reportedly wants to apply the wash sale rule to crypto, which would end a strategy in which a trader sells and then immediately buys digital assets for tax purposes.
Original source
Read on CointelegraphRelated market context
Italy raises crypto capital gains tax to 33% effective January 1, 2026
Italy's crypto tax hike may deter investment, complicate EU market cohesion, and increase financial burdens on small-scale investo...
Hoskinson wants to save Cardano’s rep by leaving X for Discord safespace
Charles Hoskinson thinks he can solve Cardano’s spiralling social reputation by muting everyone on X and increasing censorship on...
Humanity Protocol’s $36M hack linked to suspected North Korean hackers, Quantstamp reports
The incident underscores the urgent need for improved cybersecurity measures and key management practices to protect against sophi...
Tether USDT Briefly Overtakes Ethereum in Market Cap: A $187B Wake-Up Call
For a few hours, earlier this week, Tether USDT stablecoin held a higher market cap than Ethereum, the first time that has happene...
Google Gemini AI Predicts Jaw-Dropping XRP Price For Next 90 Days
Google Gemini AI just put XRP back under the spotlight, predicting it is tightly wound for a major breakout toward $1.60 to $1.80...
Ripple CEO Accused Jamie Dimon of Lying About CLARITY Act And Called Out $20Bn Reason Why
Ripple CEO Brad Garlinghouse went directly at JPMorgan chief Jamie Dimon on Fox Business Wednesday, accusing him of ‘intentional m...