Good news: U.S. cryptocurrency regulation has taken another step forward. Joe Biden will propose changes to taxes on cryptocurrency transactions, which Biden predicts will increase tax revenue from the industry by as much as $24 billion. A White House spokesman confirmed that the proposed regulations should reduce sham trading. The scheme involved loss-making cryptocurrency sales to lock in losses that were not taxable. The investor then buys back a similar amount of the asset again. Analysts believe that market regulation is conducive to the development of cryptocurrency😍
