Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

Cointelegraph

Published Aug 14, 2021 04:30PM ET

Updated Aug 16, 2021 06:00PM ET

h4 /h4 h4 /h4 h4 Infrastructure bill passes US Senate without clarification on crypto/h4

On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote.

The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts forward more stringent rules for firms handling crypto assets while expanding reporting requirements for brokers, who will be required to report digital asset transactions worth more than $10,000 to the IRS.

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