Crypto investors could be about to lose a big tax loophole as part of Biden's new budget proposal

• The Biden administration seeks a tax change on crypto transactions, The Wall Street Journal said. 
• Currently, people can claim losses on sales of underwater crypto investments, then repurchase them. 
• The change is part of Biden's 2024 budget proposal could raise $24 billion. 

President Joe Biden is reportedly targeting a tax loophole used by cryptocurrency investors as part of his 2024 budget proposal that's aimed at cutting country's deficit by trillions of dollars.