Bitcoin sustains above $30,000 even as Biden calls to eliminate crypto tax loopholes
US President Joe Biden said Wednesday that loopholes in crypto taxation will be eliminated for traders and hedge fund managers, adding to previous com...
- US President Joe Biden announced that the federal tax system will eliminate loopholes for crypto traders and hedge fund managers.
- The Wall Street Journal previously reported on Biden's plan to change crypto tax rules and target wash trading.
- Despite Biden's speech, the price of Bitcoin remained above the $30,000 level.
The sentiment of the article is neutral. It provides information about Biden's plans to eliminate loopholes in the tax system for crypto traders, but does not express a positive or negative opinion.