With two competing amendments and pressure from the White House and Treasury, crypto taxation is suddenly the crux of the massive infrastructure bill.
The carve-out would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.
The crypto provision in the U.S. infrastructure bill was one of a handful of issues that nearly delayed the entire package.
The bill gives a nod toward blockchain and now moves to the House.
“We have to do a great deal more” to clarify the U.S. cryptocurrency regulatory framework, Wyoming's Cynthia Lummis said.
Wyoming's Cynthia Lummis wants the U.S. government to make blockchain a priority.
Lummis was one of just eight Senate Republicans to vote against certifying Presidet Biden's electoral victory on Jan. 6.
Cynthia Lummis, a former U.S. Representative and current bitcoin advocate, has won her primary race to join the U.S. Senate representing Wyoming.
Wyoming U.S. Senate candidate Cynthia Lummis says bitcoin's store-of-value appeal has never been stronger. So she continues to HODL.