Biden Slams Wealthy Crypto Traders as U.S. Budget Talks Resume

Wrapping up his participation in the Group of Seven (G7) forum in Japan, U.S. President Joe Biden took a swipe at "wealthy tax cheats and crypto traders" as undeserving beneficiaries of Republican lawmakers with whom his administration is negotiating a new budget. Biden emphasized the need for a bipartisan agreement and criticized proposals that protect wealthy individuals while putting other important aspects, such as food assistance, at risk.

Biden's statements reflect his stance on increasing taxes for the wealthy, including crypto traders and investors, as outlined in his proposed $6.9 trillion budget plan.

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