Does the USA Have a Cryptocurrency ‘Tax Loophole’ Drawback?

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Crypto Sector appears to have dodged a brand new bullet. On the time of this doc’s issuance, the US has reached a political settlement to boost the debt ceiling to keep away from a disastrous default, and the decision will probably not embody a brand new tax on cryptocurrencies.

Nonetheless, that doesn’t imply that the US cryptocurrency taxation drawback has been resolved. The talk is prone to proceed, and will grow to be extra partisan than beforehand assumed.

President Biden talked about cryptocurrencies at a press convention in Hiroshima.Supply: White Home

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