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.