Biden, Cryptocurrencies, and the American State

European Union Comment and Analysis Euro and Economy Financial Services Trade Enlargement

 In recent days, the internet has been abuzz with the news of Joe Biden's proposed hike of federal capital gains tax to 43.4% for the highest earners. However, unsubstantiated rumours swirl of another, far more significant reform to American taxation: an 80% tax on cryptocurrency transactions. If true, it must be conceded that such a reform ha...