Bitcoin sustains above $30,000 even as Biden calls to eliminate crypto tax loopholes

FXstreet
FXstreet

29 Jun 2023 10:06 AM

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.

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