Lawmakers renew push to axe a lucrative tax loophole for crypto investors

Crypto investors have been largely exempt from 'wash sale' rules that apply to traditional investments, but per CNBC, Congress is pushing to change that. Wash sale rules prevent investors from claiming losses if they repurchase the same asset within thirty days—a restriction that has historically not applied to cryptocurrency.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton