proposes

1678371491 721 crypto news The American Capitol book on the background bright tones low

Biden Budget Plan proposes taxes to reduce crypto wash trades

0xMain
March 9, 2023

Biden, budget, Crypto, Hacking, plan, proposes, reduce, taxes, trades, wash

U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce wash sales. Currently, crypto investors can trade any cryptocurrency at a loss,...

crypto news coniferous forest general view open space day light low poly style

South Dakota proposes bill to define cryptos legally

0xMain
March 2, 2023

bill, cryptos, Dakota, define, Hacking, legally, proposes, South

The state of South Dakota has introduced a new bill to redefine the concept of money, particularly concerning cryptocurrencies. South Dakota’s proposed bill could affect cryptocurrency regulation The new bill titled “An Act to amend provisions of the Uniform Commercial Code” has been...