One thing this does is create preferential tax treatment for short term bitcoin trades. These are section 1256 contracts, so instant 60/40 tax split, vs 100% re

One thing this does is create preferential tax treatment for short term bitcoin trades. These are section 1256 contracts, so instant 60/40 tax split, vs 100% real income tax. You'll see some institutions move away from the BTC/USD market for this reason.