A bipartisan group of U.S. lawmakers is renewing efforts to eliminate a tax break that has long benefited cryptocurrency investors, reopening a debate over whether digital assets should be subject to the same tax rules as stocks and other traditional investments.
The proposal targets the so-called "wash sale" rule, which prevents investors from selling stocks or other securities at a loss and immediately repurchasing them to claim a tax deduction. Cryptocurrencies are generally treated as property rather than securities under the U.S. tax code, leaving digital assets outside those restrictions, CNBC reported.
