House Democrats on Tuesday blocked attempts to scale back digital currency tax rules tucked into President Joe Biden's infrastructure plan, in a new setback for crypto industry advocates fighting the proposal.
The House closed the door to infrastructure bill changes despite calls from Democrats and Republicans to pare back the cryptocurrency tax proposal that the Senate passed as part of the legislation earlier this month. One possibility is Democrats' $3.5 trillion budget package, said Michelle Bond, CEO of the Association for Digital Asset Markets.
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