Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: Report

2021-8-16 01:37

Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill.

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infrastructure bill treasury clarify told reportedly bloomberg

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Источник: cointelegraph.com

infrastructure bill → Результатов: 78

Congressmen Seek To Strike Bitcoin Reporting Requirements From Infrastructure Bill

The Keep Innovation in America Act seeks to repeal the reporting requirements of the infrastructure bill and clarify the meaning of “broker.”

2021-11-19 22:24	Bitcoin
infrastructure bill reporting requirements broker seeks repeal

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US House of Representatives to Vote on Controversial Infrastructure Bill Today

The controversial trillion-dollar infrastructure bill that included an overreaching definition of ‘broker’ covering crypto miners, stakers, lenders, and decentralized applications, is now going for a vote in the US House of Representatives on Friday.

2021-11-5 15:06	Legal & Regulation
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U.S. Authorities Set to Pass Controversial $1.2 Trillion Infrastructure Bill

The United States House of Representatives Speaker Nancy Pelosi says she’s optimistic that the highly controversial over $1 trillion infrastructure bill, which is expected to slap stricter taxation reporting requirements on crypto market participants, will be passed this week, according to a Reuters report on September 26, 2021.

2021-9-27 15:00
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U.S. Infrastructure Bill Is a Crucial Moment for Crypto — Experts Weigh-In

The recent struggle to sign a new Infrastructure Bill has been well-publicized and hotly debated. It has been especially controversial because of its language regarding cryptocurrencies. The post U.

2021-8-26 18:00	United States of America
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Crypto industry blindsided by US Infrastructure Bill: Chervinsky

The Treasury Department is influencing the infrastructure bill to gain jurisdiction over the DeFi… The post Crypto industry blindsided by US Infrastructure Bill: Chervinsky appeared first on Coin Journal.

2021-8-18 13:50	USA
infrastructure bill industry crypto chervinsky blindsided defi

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US: Senators Introduce Amendment to Infrastructure Bill to Ease Crypto Reporting Requirements

The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face.

2021-8-5 20:00
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Infrastructure Bill Amendment Calls for A Level Playing Field with TradeFi, Without Penalizing Crypto

Senator Cynthia Lummis (R- Wyo), Ron Wyden (D-Ore), and Pat Toomey (R-Pa) are behind the amendment proposal that integrates crypto into the financial system and protects American innovation while ensuring taxes are paid.

2021-8-5 16:01	Legal & Regulation
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US Senators Provide Crypto-Related Amendment in Infrastructure Bill

Three U.S. Senators have sent an amended version of the cryptocurrency regulation in the infrastructure bill, changing the definition of a broker to exclude certain entities. The post US Senators Provide Crypto-Related Amendment in Infrastructure Bill appeared first on BeInCrypto.

2021-8-5 13:03
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To Fix Dangerous Infrastructure Bill, Bitcoiners Must Engage

The language in the infrastructure bill is an example of why the Bitcoin community has to engage politically.

2021-8-5 19:58	Law
bill infrastructure engage community politically example bitcoin

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New Poll Shows Partisan Divide on Crypto Tax Reporting Crackdown

Republicans are far more likely than Democrats to oppose the draconian cryptocurrency provision in the infrastructure bill

2021-8-5 18:15
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Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. Rob Portman, Who is Behind the Legislation

Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen.

2021-8-3 16:14	Legal & Regulation
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US Infrastructure Bill Author Promises Bitcoin Miners and Coders Will Be Exempt

US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill are intended to be as broad as interpreted by Bitcoin policy groups.

2021-8-5 14:20	Business
bitcoin infrastructure bill proposed trillion broad policy

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Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’

Senator Pat Toomey of Pennsylvania has released a statement that calls the wording on crypto taxation in the bipartisan infrastructure bill unworkable and says he will propose an amendment. The post Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’ appeared first on BeInCrypto.

2021-8-3 08:52
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U.S. Lawmakers Soft-Pedal on Proposed Crypto Taxation Move

Authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill which was initially designed to milk out at least $28 billion from the country’s crypto investors to make up the $500 billion they plan to use for infrastructural development, according to reports on July 2, 2021. A New Language AsRead More

2021-8-3 05:00	Legislation
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Crypto Exchanges Under Threat in New Senate Infrastructure Bill

The U.S. Senate has released a new bi-partisan bill. It sets the stage with new rules for the ever-growing world of crypto. The post Crypto Exchanges Under Threat in New Senate Infrastructure Bill appeared first on BeInCrypto.

2021-8-3 16:03
new senate crypto bill exchanges under infrastructure

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Infrastructure Bill Gets a Revision, But the Final Text Is Still ‘Bad’ and Now ‘Vague’ Too

Ron Wyden (D-Oregon) also came in support of the crypto community by voicing his concerns about the bill, saying it “fails to understand how the technology works.” The post Infrastructure Bill Gets a Revision, But the Final Text Is Still ‘Bad’ and Now ‘Vague’ Too first appeared on BitcoinExchangeGuide.

2021-8-2 15:40	Legal & Regulation
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US Government Looks to Increase Revenue By $30 Billion Via Cryptocurrency Taxes

The US government is looking to raise revenue through cryptocurrencies taxation. A new bipartisan $1. 2 trillion infrastructure bill in Congress intends to raise an estimated $28 billion from cryptocurrency tax enforcement measures as one of its financing mechanisms.

2021-8-2 17:51	Cryptocurrency News
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“Bad For Bitcoin”: Congressman Warren Davidson Blasts Last-Minute Crypto Tax Insertion In Infrastructure Bill

As the U. S. Senate plans to hold a popular vote on the proposed infrastructure bill under which a last-minute cryptocurrency tax law was introduced, some believe that the whole bill is ill-fitted due to its vagueness and could prove colossal to the industry and by large, the U.

2021-8-1 16:55	xbtusd
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It’s Not About Taxes, Congress is Coming After the Entire US Crypto Industry

The unreleased infrastructure bill is the talk of the crypto town, and for a good reason, as it aims to generate $28 billion in tax revenue from the current $1. 67 trillion cryptocurrency industry to help fund the nearly $1 trillion bill.

2021-8-1 17:30	Legal & Regulation
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What's Wrong with New US Infrastructure Bill: Explained by Crypto Lawyer

Here's why the fresh US watchdog proposal might seriously damage crypto segment

2021-8-1 17:25
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Congressman Warren Davidson On How The Last-Minute Bitcoin Tax Bill Is Bad For America

Congressman Warren Davidson explained how the cryptocurrency tax addition to the Senate infrastructure bill is bad for the U.S.

2021-7-31 20:16
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The Infrastructure Bill Shows Why Bitcoiners Need To Be Politically Active

This is simply the latest development that shows the lack of understanding amongst policy makers.

2021-7-30 00:03	Congress
shows development latest lack understanding makers policy

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Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill

Bitcoin price briefly traded above $35,000 as the stock market hit new highs and Paraguay aims to become the second country to adopt BTC as legal tender.

2021-6-25 00:05	Politics
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Interoperability Will Determine CBDC Winners and Losers

As Congress debates the potential of a second coronavirus stimulus bill, 9 million Americans are still waiting for their first $1,200 payment check to arrive in the mail. The inability of our existing financial infrastructure to respond quickly and effectively to an emergency like COVID-19 has prompted fresh debate about how innovations like digital currencies … Continued The post Interoperability Will Determine CBDC Winners and Losers appeared first on Ripple.

2020-9-25 20:59	XRP
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Louisiana Lawmakers Propose Bill for Licensing Cryptocurrency Businesses

Coinspeaker Louisiana Lawmakers Propose Bill for Licensing Cryptocurrency BusinessesLouisiana’s House of Representatives has forwarded a bill that seeks to establish clear directives and regulatory infrastructure that will allow crypto businesses to work legally in the state.

2020-5-27 15:23	Telegram
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Kentucky’s Governor Approves Blockchain Working Group Bill to Explore Use In Security of Critical Infrastructure

Kentucky has successfully completed a legislative process to create a blockchain-oriented working group. This is after its governor, Andy Beshear, signed a bill on April 24 effecting the establishment of a proposed task force.

2020-4-28 19:26	Legal & Regulation
kentucky group bill working governor signed beshear

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Trump Promises Another $2 Trillion to Revive Collapsing U.S. Economy

Donald Trump has teased the introduction of a $2 trillion "infrastructure bill," as the U.S. economy continues its coronavirus nosedive. The post Trump Promises Another $2 Trillion to Revive Collapsing U.S. Economy appeared first on CCN.com

2020-3-31 19:25	Donald Trump
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Indian Exchange Koinex Shutdowns After Months Of Uncertainty from RBI Crypto Ban

Although India had always been a hotbed for the development of crypto infrastructure, the country’s draconian and immature crypto regulation has stifled the scope of innovation there. Most in the crypto ecosystem would be already familiar with the regulatory news coming out of the country with a draft of a bill going as far as […]

2019-6-27 09:02
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Baltimore’s Ransomware Bill Hits $18 Million. Hackers’ Demand? $80,000 in Crypto

By CCN: Total costs from the crypto ransom attack last month on Baltimore’s networks is likely to exceed $18 million. According to Ars Technica, this will include $10 million to fund the full recovery of the IT infrastructure.

2019-6-6 17:40
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Exclusive: Minds CEO Challenges Twitter’s Jack Dorsey to Walk the Walk on Bitcoin

Minds. com CEO Bill Ottman recently appeared on the Joe Rogan Experience, where he talked about the importance of open source and decentralization. While these are subjects near and dear to his heart, they are more a vehicle for his true passion – building a social infrastructure that respects people’s rights.

2019-3-2 18:15	Mark Zuckerberg
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Hoskinson: Satoshi Did “An Amazing Thing”...But There Are Lessons to Learn

Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin.

2018-11-20 23:08	Adoption & community
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Russia: Cryptocurrency community to be regulated under common tax module

According to a Russian local newspaper Izvestiya, the head of State Duma [the Russian lower house of the Federal Assembly] Committee for financial markets, Anatoly Aksakov has signaled towards the authority’s consideration on passing a bill on digital assets in its autumn session.

2018-7-19 18:51	News
russian tax authority towards assets digital passing

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2021-8-16 01:37

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