Crypto Reporting to Help Pay for Bipartisan Infrastructure Plan

July 28, 2021, 9:47 PM

Stronger reporting on cryptocurrency assets would be used to help pay for $550 billion in new federal infrastructure investments, according to a tentative deal the White House and a bipartisan group of lawmakers reached Wednesday.

The provision, projected to bring in $28 billion in revenue, is among the pay-fors expected to help fund investment in roads, bridges, and electric vehicle chargers. The plan would clear up information reporting requirements for brokers of digital assets and update the definition of a “broker” to reflect the realities of how the assets are acquired and traded, according to a document ...

To read the full article log in. To learn more about a subscription click here.