Coinbase warns infrastructure bill's crypto provisions could impact 20% of US...

Coinbase’s global tax VP has condemned Congress’s controversial decision to introduce crypto tax provisions into the infrastructural bill. They warned that this bill might impact 20% of the U.S population, which is like 60 million Americans. The VP of tax leveraged the rushed crypto provisions added to Congress’s bipartisan infrastructure bill. Lawrence Zlatkin slammed lawmakers at the last minute for hastily including amendments that can affect 60 million Americans. Coinbase Global is an American company that operates a cryptocurrency exchange platform. It’s among the popular....

Senate talks regarding the controversial crypto provisions to the U.S. infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday. The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.”On August 9, general counsel to Compound Finance, Jake Chervinsky, tweeted that the Senate had voted 68 in favor to 29 against ending debate surrounding the provisions, halting discussions until....

The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27. The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27.The vote was agreed to after the House narrowly approved the Democrats’ $3.5 trillion budget blueprint in a vote of 220 to 212. Despite some initial pushback from moderate Democrats, the dissident voters were swayed after House Speaker Nancy Pelosi committed to pass the bill before....

US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill are intended to be as broad as interpreted by Bitcoin policy groups.

Hinging on Democrats' ability to resolve intraparty disagreements, the controversial legislation could have tangible consequences for digital finance in the U.S. and beyond — if passed by the House today. Later today, the United States House of Representatives is expected to vote on the bipartisan Infrastructure Investment and Jobs Act of 2021, a bill authorizing sweeping investments in domains such as passenger rail, bridge repair, clean and wastewater facilities, clean energy transmission, and universal access to high-speed internet. Also tucked into the massive bill are several....