House passes $1T infrastructure bill with crypto tax for Biden’s approval By Cointelegraph

The USA Home of Representatives handed the $1.2 trillion bipartisan infrastructure invoice which, if signed into legislation by President Joe Biden, would implement new provisions in relation to crypto-tax reporting for all residents.

The infrastructure invoice was first proposed by the Biden administration aimed toward primarily enhancing the nationwide transport community and web protection. Nonetheless, the invoice mandated stringent reporting necessities for the crypto neighborhood, requiring all digital asset transactions value greater than $10,000 to be reported to the IRS.