WSJ: Bidens may propose to change the tax treatment of cryptocurrency transactions to raise $24 billion

03/09 01:45

According to WSJ, U.S. President Bidens set to release his fiscal 2024 budget plan on Thursday. Administration officials said it would propose cutting federal budget deficits by nearly $3 trillion over the next decade, including a proposal to change the tax treatment of cryptocurrency transactions to raise $24 billion. The proposal is unlikely to gain momentum, with Republicans expected to oppose many of Mr. Biden’s plans, and it will include some ideas that didn’t become law while Democrats controlled the House and Senate.

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