Cryptocurrency Rules Are Snarling Up the Infrastructure Bill – Barron’s

A battle over taxing cryptocurrency is threatening to derail a vote on the $1 trillion infrastructure bill in the Senate.

At issue is the definition of who qualifies as a brokerage or exchange for new reporting and taxation. The infrastructure bill aims to raise $28 billion with new reporting requirements on crypto, which would be imposed on exchanges like Coinbase Global (ticker: COIN) and others that broker transactions.

The…

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