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House of Reps Passes $1 Trillion Bill, Awaits Biden’s Approval

The U.S House of Reps has now passed a $1.2 trillion infrastructure bill, which would make sure that new provisions with regards to crypto tax reporting for all U.S citizens are met, if approved by President Joe Biden.
U.S House of Reps Sends $1 Trillion Bill to President Joe Biden For Arrival

At first, the infrastructure bill proposed by members of the U.S House of Reps,  was initially aimed at improving the internet coverage and national transport network. However, the bill also mandated very strict reporting requirements for the crypto community, requiring that all digital asset transactions worth above $10,000 must be reported to the IRS.
As Coingape reported, the bill was first approved by the Senate on Aug. 10 with a 69-30 vote, albeit was met with a proposal to compromise amendment by a group of six senators — Pat Toomey, Cynthia Lummis, Ron Wyden, Rob Portman, Kyrsten Sinema, and Mark Warner.
According to Toomey,  the legislation is badly flawed, and even unrealistic i

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We współpracy z: https://coingape.com/house-reps-passes-1-trillion-bill-awaits-bidens-approval/

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