Interest loophole

According to reports, relevant documents show that the budget of US President Biden will cancel the tax subsidies for cryptocurrency transactions, limit the retirement tax benefits for high-income people, and end the “loophole” with interest. Interpretation of this information: The recent reports have confirmed that the US President, Joe Biden, is planning a strong move towards the crypto market. The documents suggest that Biden’s budget is likely to invalidate the tax benefits on cryptocurrency transactions. The purpose behind this decision appears to be the US government’s desire to regulate the…