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Fortune

Marco Quiroz-Gutierrez

Bitcoin regains $30,000 despite Biden saying he wants to close the tax loophole

Joe Biden Bitcoin Crypto BlackRock

(Credit: Scott Olson—Getty Images)

The price of Bitcoin is back on the upswing despite President Biden reiterating his unfriendly stance toward crypto traders.

During a speech in Chicago where he laid out his economic plan, Biden took aim at crypto traders along with other financial figures, saying he wanted to make the economy and tax system fairer by eliminating opportunities for crypto traders to evade taxes.

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