Infrastructure Bill


Policy

Senate Advances Infrastructure Bill Without Amending Crypto Provision

The Senate could still adopt an amendment to the crypto provision through unanimous consent, but it would require every senator to agree.

The Senate voted on its infrastructure bill on Sunday.

Markets

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.)

Policy

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.

Markets

Tesla's Musk Urges Lawmakers Weighing Infrastructure Bill's Tax Provision Not to Pick Crypto 'Winners or Losers'

The car company's CEO responded via Twitter to a thread by Coinbase CEO Brian Armstrong, who has been critical of the tax provision and a late amendment to it.

Elon Musk SNL Doge

Markets

The US Senate Goes to War Over Crypto Taxation

With two competing amendments and pressure from the White House and Treasury, crypto taxation is suddenly the crux of the massive infrastructure bill.

Sen. Cynthia Lummis of Wyoming

Markets

Janet Yellen Has Been Lobbying Against Wyden-Lummis-Toomey Crypto Amendment: Report

Senators had hoped to pass the bipartisan bill on Thursday night, but issues remained unresolved around the cryptocurrency regulations.

U.S. Treasury Secretary Janet Yellen

Markets

Senator Who Wrote Controversial Crypto Tax Rule Proposes Modest Revision

The amendment excludes only proof-of-work mining, or the selling of hardware or software that gives individuals control of private keys to access digital assets.

Sen. Rob Portman (R-Ohio), one of the lead negotiators on the bipartisan Senate infrastructure deal.

Markets

Sen. Portman Announces Support for Narrowed Crypto Tax Rule

Sen. Rob Portman is believed to have authored the original crypto tax reporting provision with support from the Biden administration.

U.S. Sen. Rob Portman (R-Ohio)

Markets

Crypto Tax Exemptions Floated for $1T US Senate Bill

The carve-out would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.

Sen. Cynthia Lummis helped draft an amendment to a controversial tax provision in the infrastructure bill.

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