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Crypto Lobbyists Falter in Bid to Fix Broad Tax Provision

  • Strong grassroots push couldn’t overcome arcane Senate rules
  • Lobbyists say industry needs more money for future battles
SKorea Virtual Currency

Photographer: SeongJoon Cho/Bloomberg

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Cryptocurrency lobbyists were caught ill-equipped in one of the first legislative battles for their nascent industry, despite a Herculean push that impressed Washington insiders with its intensity.