House passes $1T infrastructure bill with crypto tax for Biden’s approval -Breaking
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The $1.2 trillion bipartisan bill for infrastructure was passed by the United States House of Representatives. If signed into law in January 2016 by President Joe Biden it would establish new rules regarding crypto-tax reporting.
Biden Administration first presented the infrastructure bill. This bill primarily aimed to improve national transportation network coverage and Internet connectivity. The bill was not passed. mandated stringent reporting requirementsFor the crypto community: All digital asset transactions exceeding $10,000 must be reported to IRS
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