Senate Rejects Change To New Crypto Tax Rules In $1.2 Trillion Infrastructure Bill Despite Lawmaker, Billionaire Pushback

Senate Rejects Change To New Crypto Tax Rules In $1.2 Trillion Infrastructure Bill Despite Lawmaker, Billionaire Pushback

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Following days of negotiations, the Senate on Monday struck down a bipartisan amendment to overhaul and clarify newly proposed cryptocurrency tax-reporting requirements included in the Senate’s $1.2 trillion infrastructure bill, dealing a potentially massive blow to a slew of companies concerned they could be forced to hand over transaction information to the Internal Revenue…

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