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

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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