U.S. Infrastructure Bill Facing Delays Due to Fight Over Crypto Regulations

[ad_1]

The U.S. infrastructure bill, which would also revise tax collection on digital assets, is currently the target of a last-minute amendment that’s delaying its final vote. The bill faces delays particularly motivated by a last-minute amendment that pits the White House against Senate Finance Committee Chairman Ron Wyden over the best way to require cryptocurrency entities to report transactions to the IRS.

The broader bill aims to reinforce the federal government’s expenditure in America’s infrastructure, with large sums of money (on the order of billions of dollars) being set aside as part of the American Jobs Plan, targeting repairs for already existing roads, ports, bridges, and public transportation infrastructure, while also investing in new infrastructure intended to support both communities and business growth. 

[ad_2]

Read More:U.S. Infrastructure Bill Facing Delays Due to Fight Over Crypto Regulations