U.S. Department of the Treasury will reportedly push to extend the reach of new rules designed to govern the cryptocurrency space. Closely following the infrastructure package freighted with last-minute crypto taxation provisions is the upcoming budget reconciliation bill that could also see additional requirements for cryptocurrency businesses.
Citing an unnamed official within the Biden administration, Roll Call reported on Monday that the administration is looking to append provisions to the budget bill requiring U.S. digital asset firms report information on their foreign clients.
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