Warning: How Biden's Budget Plan 2025 Affects Crypto Traders!

The Biden administration's 2025 budget proposal includes plans for generating revenue through digital asset taxation, including a wash sale rule on cryptocurrency sales. This could generate $25 trillion over the next eight years, but it's unlikely to pass. 

For more details, you can download the entire budget from the U.S. Department of Treasury's website.

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Disclaimer

All opinions expressed by the show's host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit—research legal, tax, and financial guidance and advice as needed.