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Cryptocurrency Industry Wins Concessions in Infrastructure Bill

  • August 02, 2021

The cryptocurrency industry has been adamant that the tougher tax enforcement should not apply to miners, or creators, of digital money, or the “node operators” that keep the software behind transactions moving.

Lobbyists were continuing to press senators for greater clarity to ensure that those parts of the nascent sector would be excluded from the law. They believe that they have assurances from top lawmakers, such as Senator Rob Portman, Republican of Ohio, about the intent of the law, but they are still seeking similar assurances from the Treasury Department, which will have broad discretion to implement the law if it is passed and signed by President Biden.

Article source: https://www.nytimes.com/2021/08/02/us/politics/infrastructure-cryptocurrency.html

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