🧐 In the morning of August 10th, the Senate passed the infrastructure bill in a 69–30 vote. This bipartisan measure proposes around $1 trillion in financing for roads, bridges, and critical infrastructure projects. However, the law proposes enacting stricter regulations for crypto companies and extending reporting requirements for brokers, including requiring the reporting of digital asset transactions worth more than $10,000 to the IRS.
Nevertheless, the bigger picture is still unclear: to enter into force, the bill must pass the House of Representatives and be signed by the President. In case it passes, what changes will come to the realm of crypto?
😎 Read on for our thoughts on what will happen next and what the crypto community may expect shortly if Joe Biden signs it in our newest material, “Comment on Infrastructure Bill passing US Senate”.
