Today news
About the same in other media
Senate Fails to Pass Amendment to Crypto Tax Provision
Reading now: 362
investopedia.comThe debate around a controversial cryptocurrency tax provision in the $1 trillion infrastructure bill passed by the Senate intensified on Monday after senators failed to reach a compromise on an amendment that would have limited the law's reach on the crypto ecosystem.
Section 80603 of the infrastructure bill has a wide-ranging definition of a «broker» that saddles a swath of stakeholders in crypto with financial reporting requirements. The provision aims to raise $28 billion over 10 years to finance the infrastructure bill by taxing crypto trades over $10,000.
An amendment to the provision, backed by a bipartisan group of six senators, failed to receive unanimous consent after Senator Richard Shelby (R- Ala.) insisted on a military
Read more on investopedia.comAbout this in other media
Aussie crypto companies keen to embrace regulations says senator cointelegraph.com /3 years ago
Vague News From Ripple Fails To Propel XRP Prices cryptonews.com /3 years ago
Recovering from a sluggish pace, Solana has these milestones to watch out for ambcrypto.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
