Proposed US infrastructure deal looks to higher taxes on crypto for part of the funding

Bloomberg picked the crypot detail out of the  Senate’s bipartisan infrastructure deal

provisions would raise an additional $28 billion from cryptocurrency transactions, according to a summary of the plan

And, info needs to be sent to the Internal Revenue Service re:

  • more rules on crypto brokers to report transactions of digital assets
  • including virtual currencies
  • would also require businesses to report crypto transactions of more than $10,000

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