President JoeBiden refuses debt deal friendly to crypto traders! What did he say during the G7 summit in Japan? Read more here -
The protections for crypto investors revolve around tax loss harvesting. This is a process whereby an asset is sold at a loss and repurchased again instantly so that it doesn’t leave the investor’s portfolio, but there is diminished profit on the purchase. This will enable a reduction in taxes due as capital gains are offset.
The two sides of the political divide in America cannot come to an agreement on negotiations over the federal budget and the debt ceiling. Without a new budget deal, the U.S. could run out of cash as soon as next month as thePresident Biden took a swipe at “wealthy crypto investors” earlier this month as he plans to close tax loopholes.
Americans and the crypto industry remains hopeful that a more industry-friendly administration and President are elected when the country votes in the November 2024 general election. Until then, the war on crypto will likely continue, as will the exodus of talent and innovation to friendlier overseas jurisdictions.on crypto miners which could further fuel the ongoing exodus.
There is a ray of hope, however. At the Miami Bitcoin conference last week, Presidential Candidate Robert F. Kennedy pledged hisCrypto markets have fallen into the red during the Monday morning Asian trading session. As a result, total capitalization has lost 1.7% in a fall to $1.16 trillion at the time of writing.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
White House spars over President Biden's lack of urgency amid debt ceiling negotiationsWhite House Press Secretary Karine Jean-Pierre sparred with Fox News Channel's White House correspondent Peter Doocy about President Biden's lack of involvement in the debt ceiling negotiations.
Baca lebih lajut »
PolitiFact - Could President Biden use the 14th Amendment to head off a debt default?How could a clause in the 14th Amendment, enacted to guarantee citizenship after the Civil War, shape the battle over the debt limit? The White House is considering invoking the amendment to end the standoff, but courts have rarely ruled on the provision.
Baca lebih lajut »
President Biden, House Speaker McCarthy to meet at White House over debt ceilingThe meeting Monday between the president and the new Republican speaker will be a race to prevent the looming debt crisis. There are 10 days until a potential default.
Baca lebih lajut »
Ted Cruz accuses Biden of 'scaremongering' on debt ceiling as Biden complains of 'MAGA Republicans'Sen. Ted Cruz says Joe Biden doesn't want to negotiate over the debt ceiling, argues he would rather blame Republicans to appease the radical Democrats.
Baca lebih lajut »
Biden targets taxes in debt ceiling talks: ‘Revenue is not off the table'President Joe Biden says revenue, not just spending, is on the table in debt ceiling negotiations.
Baca lebih lajut »
Amid G-7 diplomacy, Biden predicts a debt limit deal will get doneAfter hiccup in debt negotiations back home, Biden reassures ‘we’ll be able to avoid a default’ during summit in Japan.
Baca lebih lajut »