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

US lawmakers are renewing a bipartisan push to close a lucrative tax loophole for cryptocurrency investors. The proposed legislation would apply 'wash sale' rules to digital assets, preventing investors from claiming a tax deduction on a loss if they repurchase the same or a similar asset within 30 days.

This Wire brief sits within Fusion42's coverage of Crypto & Web3. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.