Infrastructure bill passes US Senate — without clarification on crypto
Cointelegraph
Published Aug 10, 2021 02:15PM ET
Updated Aug 10, 2021 04:00PM ET
The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate.
In a 69-30 vote, the Senate passed HR 3684 this morning, a bipartisan bill that proposes roughly $1 trillion in funding for roads, bridges and major infrastructure projects. However, the bill also suggests implementing tighter rules on businesses handling cryptocurrencies and expanding reporting requirements for brokers, mandating that digital asset transactions worth more than $10,000 are reported to the IRS.
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Written By: Cointelegraph
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