infrastructure plan – DIGIT INFO

US Senator Warns Passing Unproven Crypto Law Will Stifle Innovation and ‘Make Americans Poorer’

DIGIT — Sun, 08 Aug 2021 18:00:03 +0000

U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do so would drive innovation offshore. Senator Mike Lee Warns […]

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White House Backs Crypto Tax Amendment Endorsing Proof-of-Work in Infrastructure Bill

DIGIT — Fri, 06 Aug 2021 12:45:22 +0000

The White House has endorsed an amendment to the $1 trillion Infrastructure bill that supports proof-of-work over all other consensus mechanisms. However, the crypto community is supporting a different amendment. White House Takes Stance on Infrastructure Bill’s Crypto Tax Amendment The White House has endorsed an amendment to the Infrastructure bill sponsored by Senators Mark […]

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BREAKING: White House reportedly supports only minor changes to crypto tax proposal

DIGIT — Fri, 06 Aug 2021 03:51:59 +0000

The crypto community is rallying against an amendment to the U.S. infrastructure plan that would maintain strict reporting requirements for developers and validators while exempting miners.

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US Senator Says Crypto Tax in Infrastructure Bill Is ‘Unworkable,’ Plans to Offer Amendment to Fix It

DIGIT — Tue, 03 Aug 2021 00:30:46 +0000

Several U.S. lawmakers have spoken up against the cryptocurrency tax provision in the $1 trillion infrastructure bill. While the bill has been revised from last week’s version, the text is still “unworkable,” according to Senator Pat Toomey. “I plan to offer an amendment to fix it.” Other lawmakers, including Sen. Ron Wyden, Rep. Warren Davidson, […]

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