🚀 Biden's budget proposal for 2025 has a few crypto surprises! Good news: existing securities regulations may apply to crypto, leveling the playing field. Bad news: a special tax on crypto mining. ⛏️

Crypto traders, say goodbye to writing off losses on assets sold and quickly rebought. This change aligns crypto with stock and bond trading rules. Another change: security loan nonrecognition rules will apply to actively-traded crypto asset loans.

But, the proposed 30% tax on electricity used in crypto mining? Not so cool. This could drive many miners overseas. 🌍

What do you think about these proposed changes? Share your thoughts below! 👇 Remember, change is the only constant in the crypto world! 🌐