Joe Biden Comments on Crypto Traders, What’s Up?

Liputan6.com, Jakarta Ending his participation in the Group of Seven (G7) forum in Japan, US President Joe Biden commented on wealthy tax fraudsters and crypto traders as undeserved beneficiaries. As a result, the Joe Biden administration will negotiate a new budget.

“Let me be clear, I will not agree to a deal that protects wealthy tax fraudsters and crypto traders while jeopardizing food aid for nearly 1 million Americans,” Biden said.

In a press conference closing the conference, Biden said his latest proposed budget would cut spending by more than a trillion dollars, on top of the nearly $3 trillion deficit reduction (assuming an exchange rate of Rp.14,925 per US dollar) previously proposed by his administration through cuts. new expenses and income.

In his planned budget of USD 6.9 billion or equivalent to IDR 102.9 trillion, Biden has highlighted the need to modernize rules, including rules for digital assets and apply rules for laundering sales to digital assets and address related party transactions.

These rules essentially make it so that crypto assets adhere to the same set of rules as more traditional investments.

Meanwhile, the Biden White House has pushed for a 30 percent excise tax on the cost of electricity used by crypto miners, though some lawmakers say the proposal is not a start.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.