US Has Approved The Package Containing Crypto Tax Provisions

The US has approved the package containing crypto tax provisions. In the USA, the $ 1.2 trillion infrastructure bill was sent to Biden.

The U.S. House of Representatives approved the $1.2 trillion infrastructure bill, which includes much-debated articles on cryptocurrency tax reporting, and sent it to U.S. President Joe Biden's desk for signature. In the voting held in the parliament yesterday, 218 deputies voted in favor. The bill was passed in the Senate in August and then sent to the House of Representatives. Despite all the pressures and struggles in the Senate, a change was expected in the House of Representatives in the bill passed. However, attempts in this regard did not find their place. Democratic member Anna Eshoo, known as the closest friend of Speaker of the House of Representatives Nancy Pelosi in Congress, wrote a letter to the president demanding that the crypto tax provision be changed. Eshoo argued that the definition of intermediary in the bill was too broad and could create compliance difficulties. By its scope, the definition also included parties that did not primarily mediate transactions, such as miners. Now, the next is the regulation to be published by the Ministry of the Treasury. The ministry's regulation is expected to provide clarity on how the law will be interpreted and how businesses and other organizations will adapt to it.