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It was also revealed that the Senate Minority Leader Mitch McConnell questioned why the government would be spending trillions “when inflation is already sticking American families with higher costs.” The much controversial and well-debated infrastructural bill pending for days has finally being passed in 69-30 votes in the
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The infrastructure bill is edging closer to passing by the U.S Senate despite the delays. The delays are coming from lawmakers opposing the bill’s amendment about crypto, saying that there has not been enough discussion. Inflicting the Crypto Industry The infrastructure bill is one of the most significant investments of its kind,
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United States Senators putting forth differing amendments for provisions in the infrastructure deal that apply to crypto have reached a compromise after a legislative setback. In a press conference on Monday, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684, backed by
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The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.”On August 9, general counsel to Compound Finance, Jake Chervinsky, tweeted that the Senate had voted 68 in favor to
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United States senators Mark Warner and Kyrsten Sinema, both Democrats from Virginia and Arizona, respectively, have introduced a new amendment to the infrastructure bill that would lessen the burden on cryptocurrency tax reporting for miners and wallet providers. As Perianne Boring reported Saturday afternoon, the senators are endorsing an amendment that
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On Wednesday of this week, several U.S. senators proposed an amendment to an infrastructure bill which would clarify language concerning crypto. Even though that proposal seemingly has the support of the white house, U.S. Treasury Secretary Janet Yellen has reportedly come out against the measure.According to a Friday report from
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A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto as legal tender, a government official claimed.Deputy minister of Ukraine’s Ministry of Digital Transformation Oleksandr Bornyakov is confident that it would be “quite legal to pay with cryptocurrencies” in Ukraine through payment intermediaries
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