Clarity Act and Crypto Tax Loophole: White House Billions Dollar Proposal

Besides the Clarity Act, the White House’s 2026 budget proposal targets the wash sale loophole that lets crypto traders harvest losses and immediately rebuy. It’s an illegal practice for stock investors, but entirely legal under current digital asset rules.The proposal would apply wash sale rules to crypto for the first time, treating digital assets the same as traditional securities for tax purposes. It …