Senators move to exempt bitcoin, crypto miners from proposed U.S. tax rules

Supporters of the crypto industry in the U.S. Senate filed an amendment to the bipartisan infrastructure bill to make clear that miners and providers of crypto services would not be required to follow new tax-reporting rules on crypto brokers.

It also exempts developers who create digital assets from monitoring their use if the users are not their customers. “Digital assets are here to stay,” Lummis said in the press released. “While much more work needs to be done, this amendment is a responsible step toward fully incorporating digital assets into the U.S. financial sector.”

The report also said that the White House is pushing back against the proposed changes, citing an unnamed administration official who argued that the industry is using “scare tactics” to dilute the impact of the proposed law.

Positive publicity to dupe investors.

These f❤️kin scam bot replys!!!

Auto companies got $millions in tax breaks! Adrienne Santos confirmed SEC_Enforcement destroyed docs. Auto companies changed dealer names & voided 24-36 month parts warranties to cover up TaxEvasion IRS_CI Destroyed records 2020-007235 TIGTA TRN-2009-0433

Don’t let them exempt anything spreading the cancer that is crypto currency. It’s literally a giant Ponzi scheme. Ban all methods of converting it to or from any real currency too.

Beautiful

Just received 8,433 Polygon coins in my Coinbase akk 😘 Thank you so much POLYGON_BONUS! We are with you!

Fake News.

Godspeed

Won’t pass

good

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