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BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise

Published 08/09/2021, 01:19 PM
Updated 08/10/2021, 03:40 PM
BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise

United States Senators putting forth differing amendments for provisions in the infrastructure deal that apply to crypto have reached a compromise after a legislative setback.

In a press conference on Monday, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684, backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden. The Pennsylvania lawmaker said the new amendment would exempt software developers, transaction validators and node operators, while tax reporting requirements “should only apply to the intermediaries.”

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