President Biden's proposal to increase the capital gains tax rate to 44.6% for high earners is unlikely to impact the average crypto investor, according to Matthew Walrath, founder of CryptoTaxMadeEasy. The proposed tax rate, which has caused a stir on social media, would only come into effect if two separate proposals were approved. These proposals aim to increase the top ordinary tax rate and the investment income tax rate. Biden's Federal Budget proposal also includes a 25% tax on unrealized gains for individuals with net assets over $100 million. However, these proposals are seen by some as political posturing.