Representatives Propose Law to Counter Crypto Policy in Infrastructure Bill

Objectivity 4.2 | Credibility 4.1 | Relevance 4.3

The Infrastructure bill requires brokers to report all digital asset transactions over $10,000 to the IRS. However, two representatives introduced the Keep Innovation in America Act to clarify the definition of a broker and who would be affected by the law. The new Act also proposes that Congress must bring legal and regulatory certainty to the crypto industry.