HOW CRYPTOCURRENCY FITS INTO INFRASTRUCTURE BILL
What does Bitcoin have to do with roads and bridges?
A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved this week is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’sales to the IRS. It could open the way for tighter regulation of cryptocurrency — something the Biden administration is moving toward as it also pushes for tax compliance.
The plan could raise about $28 billion in revenue over
