Infrastructure bill passes US Senate — without clarification on crypto By Cointelegraph

VW pledges commitment to electric mobility in China, urges extension of tax breaks

Infrastructure bill passes US Senate — without clarification on crypto

Cryptocurrency Aug 10, 2021 04:00PM ET

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Infrastructure bill passes US Senate — without clarification on crypto

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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Infrastructure bill passes US Senate — without clarification on crypto

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