The House will consider the bipartisan infrastructure bill on Sept. 27.
It's still unclear whether Congress will adopt any amendments.
The crypto industry wants to change a tax provision when the House takes up the Senate's infrastructure bill, but other issues may take precedence.
Citing an unnamed official, Bloomberg said Treasury won’t go after crypto firms that don’t meet the tax code’s definitions of a “broker.”
Rep. Anna Eshoo endorsed a compromise amendment intended to narrow the scope of the term "broker" for crypto tax reporting purposes.
There's a silver lining in Congress' efforts to impose a tax on crypto transactions: The U.S. finally accepts crypto is part of the economy.
The Senate has failed to amend a provision that could cripple the U.S. cryptocurrency sector. But the game's not over yet.
This infrastructure bill is just the beginning. Congress must answer to constituents, not to Crypto Twitter. What will make lawmakers spend political capital fighting for crypto?
One reason broken crypto rules passed the Senate today is that Republicans rejected another revenue source: the rich paying their fair share.
The bill contains a broad definition of "broker" for crypto tax reporting requirements that lawmakers and industry advocates sought to change over the past week.
After all the drama of the past week, the industry is right where it was eight days ago.
Increased institutional on-chain activities have accompanied bitcoin's latest price rally.
The visceral pushback to Sen. Rob Portman's reporting requirements isn't about avoiding taxes – it's about protecting digital liberties.
The increase also came at a time when bipartisan support emerged for excluding miners from being considered “brokers” in the U.S. infrastructure bill.
The infrastructure bill's crypto tax provision helped hold up the overall bill last week.