DC, crypto industry tangle over potentially ‘devastating impact’ of infrastructure deal

Capitol Hill negotiators released their 2,702 page bipartisan infrastructure bill on Sunday night after a flurry of revisions over the weekend.

One of the more significant last-minute edits concerns cryptocurrencies.

The late addition aims to use the infrastructure bill to bring clarity to the way Americans report their digital assets – like bitcoin (BTC) or ethereum (ETH) – for tax purposes. 

The measure could bring in billions in revenue, but “this is not a new tax on…


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