On The Brink with Castle Island cover image

Weekly Roundup 05/26/23 (The real Greenidge story, MEV on Bitcoin, Fed data on adoption) (EP.427)

On The Brink with Castle Island

CHAPTER

The GOP's Tax Breaks on Cryptocurrencies

The tax break allows people to wash sale digital assets. It's unclear what they are from a classification standpoint. The Biden admin is now repeatedly mentioning this as one of the tax breaks the Republicans want to keep, apparently. "How ironic would it be if they default because they are focused on trying to close a tax break"

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