Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules

U.S. President Joe Biden released his 2023 budget proposal on Monday, and in it, his administration is seeking to modernize rules around digital assets that it says would generate an additional $11 billion in revenues by 2032, as well as expand the Department of Justice’s ability to counter cyber threats that involve ransomware and the use of cryptocurrencies.

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