Foresight News|Jul 28, 2026 12:24
[U.S. Congress Pushes Bill to Close Cryptocurrency Tax Loophole Again]
According to Foresight News, citing CNBC, Republican Congressman Jodey Arrington introduced the 'Applying Existing Tax Anti-Abuse Rules to Digital Assets Act' in June, aiming to extend the 'wash sale' rule to digital assets. According to the U.S. Treasury's 2024 estimates, closing this loophole could generate nearly $24 billion in tax revenue over the next 10 years. Experts believe this move demonstrates potential bipartisan momentum in the field of tax reform, but the likelihood of passing legislation in the short term remains low.
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