Infrastructure Bill


Policy

U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Policy

Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision

Rep. Patrick McHenry. who chairs the committee in January, expressed his concerns in a letter to Treasury Secretary Janet Yellen.

Rep. Patrick McHenry (Shutterstock/CoinDesk)

Policy

US Lawmakers Move to Clarify Definition of 'Brokers' in 2021 Infrastructure Law

The bill would exclude miners, stakers and other parties who may not have the tax reporting information needed to otherwise comply.

U.S. Senators Pat Toomey (left) and Cynthia Lummis (Kevin Dietsch/Getty Images)

Policy

US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules

A letter from a Treasury official addresses crypto industry concerns about access to customer information.

(Samuel Corum/Bloomberg via Getty Images)

Videos

Unconstitutional Crypto Surveillance Tucked Inside Biden’s Infrastructure Bill?

In November, U.S. President Joe Biden signed into law the infrastructure bill that includes a controversial provision broadening the tax code’s definition of “broker.” Yet, crypto and civil liberties attorney Marta Belcher suggests there could be another hidden crypto provision that violates the Fourth Amendment of the U.S. Constitution.

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Policy

US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'

The representatives propose following a definition which avoids placing "unworkable customer reporting obligations" on parties who do not, in fact, have customers, such as crypto miners and stakers.

House Bracing for Bipartisan Infrastructure Bill Vote

Videos

2021: The Year of Crypto Policy and Regulations

From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling with tighter regulation, 2021 was a defining regulatory year for the industry.

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Policy

US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill

A bipartisan group of senators say they’ll offer legislation if needed to clarify the contentious provision.

Senators Kyrsten Sinema (left), Mark Warner and Rob Portman (Alex Wong/Getty Images, modified by CoinDesk)

Policy

US Congressmen Introduce Bill to Modify Crypto Tax Provision in Infrastructure Law

U.S. President Joe Biden signed the infrastructure bill into law on Monday.

Rep. Patrick McHenry (Andrew Harrer/Bloomberg via Getty Images)

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