In the latest cryptocurrency news today, a group of US senators are pushing for amendments to the infrastructure bill signed by Joe Biden that will affect crypto regulation and crypto tax reporting. The“Keep Innovation in America Act” amendment is asking to rightfully exclude staking validators, miners and wallet providers from the new crypto tax reporting requirements as they are not considered “broker-dealers”. Thankfully, any crypto tax reporting requirements won’t go into place until 2024, so there’s still plenty of time to get lawmakers to see the light.
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