U.S. Treasury wants to make infrastructure bill impact more affordable for crypto: report

The US Treasury Department has reportedly issued new rules to address the crypto industry’s concerns about the supply of digital assets in the latest infrastructure bill.

The Senate version of the trillion-dollar infrastructure bill includes a clause in the tax code aimed at expanding the definition of “broker.” ”any person who is responsible for regularly providing the digital asset transfer service in the favour of another person”.

According to the letter, representative, Republican Minnesota unit arkadaşları friends-members of Congress, the current formulation of the bill, the main players are software developers such as криптопространстве or валидаторы do not enter the scope, “agent”, defined in the traditional financial world.

Referring to unnamed officials, the agency Bloomberg, Treasury, reportedly, the ref, the institution is seeking new proposals and криптокомпаний needed her release, including developers, engineers, майнеров as well as developers of hardware and software, according to the proposed reporting requirements, the Internal Revenue Service (IRS) bill, they go up, broker services. 

An unnamed Treasury official said the administration would include focusing on the activities of crypto companies to determine whether they qualify as brokers under the tax code.

The fiercely debated infrastructure bill is currently going through Congress, and lawmakers who advocate crypto are taking up arms in the fight against controversial crypto laws. Congressman Darren Soto (D-FL) said he expects other representatives to support an overhaul of the crypto provision.

“Members are starting to pay attention to this. There is growing support on both sides to make sure the language is correct.”

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