Law360 (August 6, 2021, 4:50 PM EDT) — Senate lawmakers may cross a $1.2 trillion bipartisan infrastructure invoice as quickly as Saturday however should first resolve a stalemate over how and whether or not to amend a proposal within the invoice to impose stricter reporting necessities for cryptocurrency.
Ohio Sen. Rob Portman drafted one of many cryptocurrency proposals in President Joe Biden’s Infrastructure Funding and Jobs Act, however some have mentioned it’s overly broad. (AP Photograph/Amanda Andrade-Rhoades) The administration of President Joe Biden backs a proposal within the Infrastructure Funding and Jobs Act, or H.R. 3684, that may require extra stringent reporting of cryptocurrency transactions to the Inside Income Service,…
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