Altcoins like Cardano and XRP made significant gains on Wednesday, hiking 16.71% and 18.85% as of 4:00 pm ET.
Ethereum and bitcoin shed just 1.5% and 2% on the news, and made small gains later in the day.
Bitcoin traded above its 200-day moving average line despite efforts to change broad industry taxation language in the infrastructure bill.
Jason and Senator Lummis talk bout the proposed infrastructure bill and the impact it could have on bitcoin and innovation at-large.
Senators Wyden, Lummus, Toomey propose slimming down the definition of crypto broker to make tax reporting requirements more narrow
Portion of bill outlines “impossible-to-fulfill” reporting requirements, blockchain associations say