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CATEGORY: infrastructure bill


Nov 22, 2021 07:30

Breaking: Money Printer Go BRRR As Fed Chair Jerome Powell Nominated For Second Term

Jerome Powell nominated: the acting fed chair is perhaps best known to the cryptosphere as the, “Money printer go BRRR,” guy.   Jerome Powell has been nominated for a second term to lead the Federal Reserve. ?ullish for #Bitcoin ??????? pic.twitter.com/w7A4dlh2Pd — Bitcoin Archive ?????? (@BTC_Archive) November 22, 2021 President-elect Joe Biden announced today that […]

The post Breaking: Money Printer Go BRRR As Fed Chair Jerome Powell Nominated For Second Term appeared first on CryptosRus.

Nov 18, 2021 07:30

US Legislators Introduce Important New Crypto Amendment In Bipartisan Bill

The cryptocurrency clash between members of Congress is heating up again after 10 representatives line up to support yet another crypto amendment. Covered: Bitcoin Price Update Latest Crypto Amendment Development The Orginal Infrastructure Bill  There are definitely people out there selling cryptocurrencies — The Crypto Dog?? (@TheCryptoDog) November 18, 2021 Bitcoin and the overall crypto […]

The post US Legislators Introduce Important New Crypto Amendment In Bipartisan Bill appeared first on CryptosRus.

Nov 17, 2021 02:50

Breaking: Ten Senators Urge Speaker Pelosi To Reverse “Crippling” Digital Asset Provision

Digital Asset Provision: the letter comes just a day after the bill was signed into law.  We stand united to ensure more tax certainty for #cryptocurrency and work with the IRS on key reforms. Together, we will continue to support innovation and protect consumers. pic.twitter.com/xu1Dj2GAqD — Rep. Darren Soto (@RepDarrenSoto) November 16, 2021 On late […]

The post Breaking: Ten Senators Urge Speaker Pelosi To Reverse “Crippling” Digital Asset Provision appeared first on CryptosRus.

Nov 18, 2021 02:45

Breaking: Ten Members Of Congress Urge Speaker Pelosi To Reverse “Crippling” Digital Asset Provision

Digital Asset Provision: the letter comes just a day after the bill was signed into law.  We stand united to ensure more tax certainty for #cryptocurrency and work with the IRS on key reforms. Together, we will continue to support innovation and protect consumers. pic.twitter.com/xu1Dj2GAqD — Rep. Darren Soto (@RepDarrenSoto) November 16, 2021 On late […]

The post Breaking: Ten Members Of Congress Urge Speaker Pelosi To Reverse “Crippling” Digital Asset Provision appeared first on CryptosRus.

Nov 16, 2021 02:50

Breaking: Senators Fight To Include Last-Minute Crypto Amendment To US Infrastructure Bill

Senators Cynthia Lummis and Ron Wyden are back again to speak up for the crypto community in Congress. Will their latest crypto amendment to the infrastructure bill make the cut? Covered:  Senators’ New Crypto Amendment The Original Infrastructure Bill Governments Around The World Turning To Bitcoin In another episode of the heated infrastructure bill debate, […]

The post Breaking: Senators Fight To Include Last-Minute Crypto Amendment To US Infrastructure Bill appeared first on CryptosRus.

Nov 08, 2021 11:20

Bipartisan Infrastructure Bill Passed: Some of Its Provision Described as Disastrous to Crypto

The passing of the Infrastructure Bill on November 6 is a poignant reminder that though revolutionary, crypto has a lot more hurdles to jump over before being embraced “by the old money.” It seems like new crypto millionaires are not just yet welcomed—especially if the U.S. President proceeds to approve... Read More

Nov 07, 2021 02:45

Here’s the latest on the controversial crypto tax provision

Much was made last month about the crypto tax provision that was lumped into the massive infrastructure bill that the Biden administration has been seeking to push through Congress. The bill has been stalled, but now the “U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting […]

The post Here’s the latest on the controversial crypto tax provision appeared first on CryptosRus.

Oct 14, 2021 01:25

The Reconciliation Bill May Accelerate Bitcoin Adoption In The U.S.

The proposed bill includes intrusive tax collection measures which would inhibit the productivity of the nation.

Sep 29, 2021 07:25

That Dreaded Infrastructure Bill With Crypto Provision Might Not Pass Thanks To Unlikely Ally

The vote is scheduled for tomorrow, but is likely to be delayed again because of a competing bill brought forth by the progressive wing of the democratic party.  Covered: Infrastructure Bill, Explained The Squad What Does This Mean For Crypto? Infrastructure Bill Crypto No infrastructure bill should pass without a $3.5 trillion reconciliation bill. That is […]

The post That Dreaded Infrastructure Bill With Crypto Provision Might Not Pass Thanks To Unlikely Ally appeared first on CryptosRus.

Sep 27, 2021 01:25

China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week

From bans to bills, the FUD is strong for Bitcoin and crypto this week, but traders are overwhelmingly optimistic about BTC price action. Bitcoin (BTC) is at the start of another week with China's latest "ban" behind it — but its next "FUD" story is already brewing.The United States' infrastructure bill is back on the… More

The post China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week appeared first on BTC Ethereum Crypto Currency Blog.

US House of Reps to deliver verdict on infrastructure bill this week

Author: Cointelegraph By Samuel Haig
United States
Sep 27, 2021 08:25

US House of Reps to deliver verdict on infrastructure bill this week

While Speaker Nancy Pelosi expects the infrastructure bill to pass, the Democrats are divided on whether to pass the legislation before the terms of a follow-up $3.5 trillion package is finalized.

Sep 21, 2021 01:25

Infrastructure Bill Seeks To Obligate People To Report Bitcoin Payments Of Over $10,000 To The IRS

The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.

Sep 17, 2021 01:25

The State Could Try To Leech Off Of Bitcoin Rather Than Banning It

Governments truly wanting to “beat Bitcoin” may carefully consider siphoning the value gained through bitcoin.

Sep 16, 2021 01:30

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.

Aug 27, 2021 10:38

Draconian For Crypto – U.S. Infrastructure Bill Passes Senate

In major negative news for crypto-enthusiasts and developers in the United States, the U.S. Senate has passed the draconian-for-crypto $1 Trillion Infrastructure Bill on Aug 10, 2021. It will now be presented in the U.S. House of Representatives. The problem lies in the tax reporting requirements and who is required to file taxes clauses of the Infrastructure Bill, it uses a clause that erroneously defines the word "broker" to include all validators, miners, and node runners on all blockchain platforms.

https://twitter.com/kylegriffin1/status/1425123126384365571

It isn't possible to comply, because those entities have no control over the tx. Additionally, it's not possible for them to keep identity records to provide / file tax returns on, etc. The U.S. The Infrastructure Bill gave warnings from different segments as being detrimental to the crypto and blockchain talent and progress in the United States by forcing them to move outside the U.S. because of impractical compliance requirements if they want to continue working in the field.

https://twitter.com/CNNPolitics/status/1425180947792678921

Information about the Infrastructure Bill

The Infrastructure Bill seeks to generate $28 billion in crypto-related taxes to upgrade roads, rail, grid, water, broadband, etc. There were multiple amendments to rectify the erroneous interpretation of the word "broker". However, they couldn't reach a political consensus. This is despite several Senators warning that the Infrastructure Bill stands to erode American dominance in the financial services and innovation sector.

It will hinder the creation of trillions of dollars of value and jobs in the United States. The Infrastructure Bill is likely to pass through the House of Representatives also. However, every cloud has a silver lining. The recent political drama has given rise to the massive mobilizing and highly motivated crypto community. It shows that they are a powerful political force and have come far in just over a decade-old journey.

U.S. Infrastructure Bill U.S. Senate© Cryptoticker

The post Draconian For Crypto – U.S. Infrastructure Bill Passes Senate appeared first on CryptoTicker.

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