{"id":368786,"date":"2021-11-18T06:08:37","date_gmt":"2021-11-18T03:08:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/lawmakers-push-back-on-crypto-provisions-in-infrastructure-bill\/"},"modified":"2021-11-18T06:08:37","modified_gmt":"2021-11-18T03:08:37","slug":"lawmakers-push-back-on-crypto-provisions-in-infrastructure-bill","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/lawmakers-push-back-on-crypto-provisions-in-infrastructure-bill\/","title":{"rendered":"# Lawmakers push back on crypto provisions in Infrastructure Bill"},"content":{"rendered":"

“# Lawmakers push back on crypto provisions in Infrastructure Bill <\/strong>”
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Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the newly passed Infrastructure Bill.\u00a0<\/p>\n

Ten U.S. Democratic Congresspeople led by Rep. Darren Soto from Florida called for revisions to the definition of a broker in the infrastructure bill that was passed into law on Nov. 15.<\/p>\n

The group issued an open letter, signed by Soto along with Representatives Ro Khanna, Stacey E. Plaskatt, Eric Swalwell, Tim Ryan, Susan Wild, Marc Veasy, Jake Auchincloss, Al Lawson, and Charlie Crist calling for updates to section 6045(c)(1) in the tax code under the Bipartisan Infrastructure Framework (BIF). <\/p>\n

Experts warned that the contentious new rule could see miners, validators, and wallet developers considered as brokers for tax purposes. The letter calls on House Speaker Nancy Pelosi to exclude this group on the grounds that they do not engage in brokerage services.<\/p>\n

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We stand united to ensure more tax certainty for #cryptocurrency<\/a> and work with the IRS on key reforms. Together, we will continue to support innovation and protect consumers. pic.twitter.com\/xu1Dj2GAqD<\/a><\/p>\n

\u2014 Rep. Darren Soto (@RepDarrenSoto) November 16, 2021<\/a><\/p><\/blockquote>\n