Democrats are still pushing the issue even though
#Republicans were able to stop a tax-loss harvesting provision that was intended to target the
#cryptocurrency business from being buried into the recently enacted debt ceiling bill.
Before the bill was put to a vote in the House and Senate,
#Congress eliminated the part on cryptocurrency
#taxes. The clause was designed to stop cryptocurrency wash trading. While wash trading is prohibited when it comes to securities, the
#IRS does not consider cryptocurrency to be a security.