Infrastructure And Crypto Move To The House

As the bipartisan group of Senators put together the compromise $1T infrastructure deal they slipped in a revenue measure to collect taxes from crypto transactions and focused on increased disclosure. The provision was likely written by Treasury and as the language got full sunlight it became apparent that the definition of crypto broker was too broad and needed to be narrowed.

Late last week there was a flurry of activity with two competing groups working on language to improve the bill’s...

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