US Senators propose narrowing crypto tax language in infrastru | STIPS|Oculus

US Senators propose narrowing crypto tax language in infrastructure bill.
Lawmakers have written an amendment to an infrastructure bill in the United States Senate which proposes excluding certain crypto companies from the reporting requirements for brokers. The amendment proposes that the definition of a broker does not include anyone in the business of “validating distributed ledger transactions,” “developing digital assets or their corresponding protocols,” or dealing with mining software or hardware. The Blockchain Association, Coinbase, Coin Center, Ribbit Capital and Square expressed their support for the proposed amendment today, releasing a joint statement that the infrastructure bill’s language on crypto “would place unworkable requirements on a nascent industry.” The companies suggested lawmakers get public feedback given the potential impact on the U.S. economy.

Uruguayan Senator has introduced a draft bill to regulate cryptocurrency and enable businesses to accept crypto payments.

Ripple granted access to Binance’s records in SEC securities case

View the history of predictions on the STIPS|Oculus Platform in the last 2 weeks based on 44 predictions, the success rate was 98%