Biden Says "Tax Cheats" and "Crypto Traders" are the same

“I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred — excuse me — nearly 1 million Americans,” Biden stated.

Apparently, tax-loss harvesting is fine for investors to ensure reduction of overall tax liabilities when it comes to stocks or real estate, but if a crypto trader does it, well, then that's a crime. The Republicans passed a bill lifting the debt ceiling in exchange for $4.8 trillion worth of spending cuts, and an annual increase in spending of 1% per year. Biden vetoed it, then implicitly claimed his veto of the increased debt ceiling that he said he wanted, was the fault of Republicans and "tax criminals" like crypto traders.

https://www.financialexpress.com/business/blockchain-joe-biden-rejects-proposal-for-debt-deal-security-of-crypto-traders-3097200/