Congress Passes $1.2 Trillion Infrastructure Bill, Paving Way for Extra Crypto Taxes in U.S.
The bill changes the legislative definition of a ‘broker’ to include custodial crypto services like Coinbase.
▪️If the new infrastructure bill is approved by the President, the IRS will be able to raise an additional $28 billion from taxing crypto.
▪️Congress passed the bill with a final vote of 228–206.
▪️Several key areas regarding digital assets have not been clarified to the satisfaction of cryptocurrency users.
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