What does the $1.2 trillion infrastructure package mean for cryptocurrency miners?

On Friday, Congress passed the $1.2 trillion infrastructure package, sending the legislation to President Joe Biden for his signature. But while the measure makes historic investments in roads and bridges, it also maintains a controversial new cryptocurrency tax reporting requirement that the Treasury Department could apply to miners.

Does Biden's Infrastructure Bill apply to cryptocurrency?

US President Joe Biden has signed a landmark $1.2 trillion infrastructure bill into law which includes tax reporting provisions that apply to cryptocurrency.

How will the $1 trillion infrastructure bill impact cryptocurrency?

Senate deliberations continued over the weekend over a $1 trillion infrastructure bill, with a particular focus on how the bill could impact the world of cryptocurrency. The infrastructure bill, known as HR 3684, allocates money to build roads, bridges, transportation systems, and support clean energy, among other developments.

What is the infrastructure bill?

The infrastructure bill, known as HR 3684, allocates money to build roads, bridges, transportation systems, and support clean energy, among other developments. The bill includes a tax provision that outlines plans to raise about $28 billion for that $1 trillion package through taxes from crypto transactions.