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U.S. President Joe Biden on Tuesday called on Congress to slash tax loopholes for wealthy cryptocurrency investors.
What Happened: The message was accompanied by an infographic that claimed such a move would save a significant $18 billion.
Just a few days after Nexo declared their departure from the U.S. due to regulatory ambiguities, the NEXO native (CRYPTO: NEXO) token surged by 2.75%, topping intraday gains.