US Senators Introduced an Amendment to Infrastructure Bill to Lessen the Crypto Tax Burden on Miners

📣 #US 🇺🇸 Senators Introduced an Amendment to Infrastructure Bill to Lessen the #CryptoTax Burden on #Miners

👉 #UnitedStates 🇺🇸 senators Mark Warner and Kyrsten Sinema, both Democrats from #Virginia and #Arizona, have introduced a new amendment to the #infrastructurebill.

👉 The current version of the bill considers miners and wallet providers as “brokers” facilitating the transfer of cryptocurrencies between users.

👉 Opponents of the proposed law say it would be nearly impossible for miners and protocol developers to fulfill these obligations adequately.

👉 The cryptocurrency community has, with few exceptions, banded together to form a united front against the proposed original infrastructure bill. With the revised version coming out, crypto celebs like #ElonMusk, Brian Armstrong, Jack Dorsey, Jerry Brito were among the many who came in support of the new amendment.

👉 The amendment would broaden an earlier update proposed by the same lawmakers, along with Ohio Republican Rob Portman. The Senate expects to vote on the bill late Saturday or Sunday.

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