Author of US infrastructure bill promises release of bitcoin miners and programmers

U.S. lawmakers are trying to deny that the provisions of the proposed $ 1 trillion infrastructure bill should be as broad as those interpreted by groups interested in bitcoin policy.
US lawmakers are trying to deny that the provisions of the proposed $ 1 trillion infrastructure bill currently passing Congress should be as broad as those interpreted by leading bitcoin political groups.
Specifically, Sen’s spokesman. Rob Portman (Ohio), who developed the bill, published new statements in the Washington Post on Tuesday in an effort to clarify that bitcoin miners and software developers will not be the subject of the new legislation.
Portman is expected to confirm further in Senate comments, but no graphics have been specified, according to the news source.
“this legislative language forces brokers such as software developers and crypto miners to comply with IRS reporting requirements,” a Portman spokesman said. “This merely clarifies that any natural or legal person acting as a broker, facilitating transactions for clients and receiving cash must comply with the standard obligation to provide information.”
The new tax reporting requirements for Bitcoin and other crypto transactions are designed to improve the IRS’s voluntary compliance and make it easier for them to track large crypto transactions that would otherwise remain unregistered.
However, Banking Committee member Sen. Patrick Toomey (r-pa.), warned that the wording on the bill was too vague and could be read to include bitcoin miners, not just brokers.
In a statement Monday, Toomey warned: “Congress should not rush into this hastily designed tax reporting regime for cryptocurrencies, especially without fully understanding their implications.”He continued to view the text as”unenforceable” in its current form.
Other Republicans hope the Treasury Department will offer October recommendations to clarify what miners and software developers need for bitcoin

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