Controversial crypto rules remain in infrastructure bill after House vote

Controversial new cryptocurrency tax requirements are likely to become law through the bipartisan infrastructure bill. The cryptocurrency community rallied to fix the language, but the House voted to proceed with the bill as is on Tuesday, moving forward without any new amendments or opportunities to change it.

On Tuesday, House Speaker Nancy Pelosi (D-CA) and a group of moderate Democrats reached a deal to approve a $3.5 trillion budget resolution, schedule floor action on the bipartisan infrastructure deal by September 27th, and advance voting rights legislation. The agreement comes after a group of moderate Democrats pledged to vote down the multitrillion-dollar social safety net package if it was approved before the bipartisan...

Continue reading…