The U.S. Senate has passed infrastructure bill containing original crypto tax provisions

On Tuesday, in the United States, the US Senate passed its bipartisan infrastructure bill by a vote of 69 to 30, which contains the original version of the encrypted tax clause. Although lawmakers and crypto industry advocates sought to change the definition of "broker" in the bill in the past week, the Senate ultimately did not consider any amendments. It is reported that this clause expands the definition of "broker", leading to concerns that the IRS may seek to impose broker reporting requirements on non-broker entities such as miners. The infrastructure bill will now be submitted to the House of Representatives, which is expected to consider the issue in the fall. It is not clear how much room the House of Representatives will have to amend the bill.