Senators Reach Compromise on Crypto Tax Provision in Infrastructure Bill | Blockchained.news Crypto News LIVE Media


Rep. Cynthia Lummis and other U.S. senators announced a compromise to the tax provision in the $1 trillion infrastructure bill Monday that would exempt crypto transaction validators from a broadened definition of “broker.” However, unless it receives unanimous consent before a final vote by Tuesday, the bill will likely be sent to the House as-is, without any amendments. "You need no senator to object to the adoption of this new language," host Naomi Brockwell said. "It's a very narrow path, and it's not clear whether this is going to be feasible."

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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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