Crypto tax rules will reduce US budget deficit by $11B over ten years — White House

Modifying tax rules on digital assets will reduce the U.S. federal deficit by $10.9 billion from 2023 to 2032, according to U.S. President Joe Biden’s FY2023 budget. The United States government’s budget for the 2023 fiscal year included roughly $11 billion in revenue over the next decade from modernizing rules around digital assets.

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