was slated for release on Thursday, and the president is targeting a cut of about $3 trillion to the US deficit in the next 10 years.
Changing the tax treatment of cryptocurrency transactions could raise $24 billion, according to the Journal. The proposal comes after crypto prices tumbled last year amid the market's persistent"crypto winter."fell by more than 60% in 2022, and the broader crypto market's valuation fell below $1 trillion after reaching $3 trillion in 2021.
The market's been in recovery mode this year, with bitcoin's price up 30% year-to-date. The digital currency trading around $21,760 on Thursday.
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