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Senate Fails to Amend Crypto Tax Provision in Infrastructure Bill
By / August 9, 2021

Inclusion of new language narrowing definition of a crypto broker does not pass ‘unanimous consent’ procedure.

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Senators Compromise on Crypto Tax Provision; Bull Run Continues
By / August 9, 2021

Despite regulatory scrutiny in the Senate, the recent bull run continues for bitcoin and ethereum.

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Infrastructure Bill Advances in Senate, Crypto Amendments Await Vote
By / August 7, 2021

A $1 trillion bipartisan infrastructure bill has moved closer to passing, but senators still need to address two competing cryptocurrency-related amendments that seek to clarify tax reporting requirements.

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Blockchain Innovation is Moving Faster than Policy-Making
By / August 6, 2021

Media reports say Treasury Secretary Janet Yellen is one of the loudest voices against an amendment to the infrastructure bill which would remove problematic language requiring cryptocurrency tax reporting.

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US Crypto Tax Crackdown in Congress’ Crosshairs
By / August 6, 2021

The White House comes out in support of the original provision which requires digital asset brokers to disclose investors’ gains earned from cryptocurrency. Senate to vote as early as Saturday, August 7.

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Senators Propose Infrastructure Bill Amendment to Lighten Crypto Reporting Requirements
By / August 4, 2021

Senators Wyden, Lummus, Toomey propose slimming down the definition of crypto broker to make tax reporting requirements more narrow

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Is Congress’s Infrastructure Deal a Threat to the US Crypto Industry?
By / August 2, 2021

Portion of bill outlines “impossible-to-fulfill” reporting requirements, blockchain associations say

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Puerto Rico’s Crypto Tax Haven Dreams are on the Rocks
By / May 27, 2021

Like the IRS in the mainland US, the Puerto Rican tax authority hasn’t issued definite guidance on crypto.

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