cryptonews
2021-07-29 09:08:04

US Tax Bill Seeking USD 28B From Crypto Clears 1st Test, Amid Strong Criticism

A US bipartisan infrastructure bill that might raise USD 28bn from crypto investors has been voted to advance, with a number of crypto industry insiders strongly opposing it.The US lawmakers are looking into tightening the regulatory rope around crypto to squeeze more money out of the sector by applying new information reporting requirements - thus raising more in taxes.

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