Congress


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2 Senators Propose Exemptions to Crypto Tax Reporting Required by US Infrastructure Bill

The amendment is a compromise between two previously proposed amendments.

Sen. Mark Warner (D-Va.)

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Senate's Infrastructure Bill: What to Expect on Saturday

A handful of lawmakers have expressed support for the Wyden/Toomey/Lummis amendment to the crypto provision.

The Senate voted on its infrastructure bill on Sunday.

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Ohio Sen. Rob Portman Defends Crypto Provision in US Infrastructure Bill

Portman argues his "common sense" provision will provide clarity for the crypto industry by standardizing information reporting of brokers.

Sen. Rob Portman (R.-Ohio).

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State of Crypto: Infrastructure Bill Shows Congress Sees Crypto as Here to Stay

Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.

Bitcoin analysts aren't too worried at the moment about Washington's plan for extra crypto taxes.

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Senator Toomey Calls Text of Current Crypto Tax Proposal ‘Unworkable’

The Pennsylvania Republican said the definition of a broker is too broad and would affect bitcoin miners, which should be exempt.

Sen. Pat Toomey (R-Pa.)

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Congress, Don't Rush Regulating Crypto

A sprawling infrastructure bill is the wrong venue for regulating an industry as complex and systemically important as crypto.

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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.

A bipartisan group of U.S. senators drafted an infrastructure bill to be paid for, in part, by broader crypto tax reporting standards.

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Fundamentally Incompatible: How the Proposed Crypto Tax Rules Miss the Mark

A late addition to the infrastructure bill moving through Congress would impose impossible reporting requirements on miners and wallets.

Sen. Rob Portman (R-OH), one of the main sponsors of the bipartisan infrastructure bill, speaks at the 2015 Defending the American Dream Summit at the Greater Columbus Convention Center in Columbus, Ohio.

Videos

What Are US Lawmakers Likely to Do About Crypto?

Former SEC Branch Chief Lisa Braganca discusses the regulatory gaps in the crypto industry critics worry undermine the financial markets’ safety and how Congress could use its authority to bring greater regulatory clarity. Plus, her take on stablecoins and what further congressional action may be needed to address their risks.

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Framework to Regulate Crypto, Stablecoins Introduced in Congress

CoinDesk's Nikhilesh De discusses the details, reactions, and potential impact of a new bill introduced by Virginia Congressman Don Beyer that could provide regulatory clarity for stablecoins and the broader digital asset sector.

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