Cryptocurrencies
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
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.