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Updated US Infrastructure Bill Narrows Crypto Reporting Requirement

An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions.

Updated Sep 14, 2021, 1:33 p.m. Published Aug 2, 2021, 3:07 a.m.
A bipartisan group of U.S. senators drafted an infrastructure bill to be paid for, in part, by broader crypto tax reporting standards.
A bipartisan group of U.S. senators drafted an infrastructure bill to be paid for, in part, by broader crypto tax reporting standards.