White House proposes crypto regulations to boost federal revenue

U.S. President Joe Biden’s latest budget proposal, unveiled on Monday, introduced a series of measures targeting the cryptocurrency sector that the administration suggests could generate substantial revenue for the government.  Central to the proposal are plans to apply wash sale rules to digital assets, impose an excise tax on crypto mining, and enforce stricter reporting […] source: https://www.cryptopolitan.com/white-house-proposes-strict-crypto-regulations/