U.S. President Joe Biden‘s proposed budget for the next fiscal year outlines a series of regulatory measures. These aim to tap into the burgeoning digital asset market. Among the highlights are the administration’s implementation of wash trading rules, a crypto mining tax, and additional regulations. Officials estimate they could rake in close to $10 billion in revenue by 2025. Over the next decade, the figure could soar above $42 billion. The budget, unveiled on Monday, sets its sights on closing crypto tax loopholes. These predominantly favor the wealthy and major corporations. The document mentions several initiatives.
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Mkt Cap $2.29T
BTC Dom 56.76 %
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ETH
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USDT
$0.999397
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BNB
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USDC
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XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
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FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
