Cryptocurrencies
Senators Reach Bipartisan Crypto Deal Amid Vote Uncertainty
- Yellen, industry association endorse the new language
- Wyden concerned compromise falls short on privacy, security
Rob Portman and Kyrsten Sinema during a news conference in Washington, D.C.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
A bipartisan group of senators struck a compromise on a cryptocurrency reporting requirement in the $550 billion infrastructure bill with backing from the Biden administration, but it’s not yet clear it will get a vote.
The Senate hasn’t been able to agree on amending the legislation, which would require consent of all 100 senators. If they don’t do so on Monday the bill would retain the original language dealing with cryptocurrency that has been strongly opposed by the industry and investors.