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Senators Seek Crypto Reporting Fix as Biden Signs Infrastructure Bill

  • New bill would amend crypto changes in infrastructure measure
  • Legislation seeks to narrow new tax rules for crypto brokers
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A bipartisan team of U.S. senators is introducing a bill to narrow some cryptocurrency tax reporting rules that were laid out in the infrastructure legislation that’s set to become law on Monday.

The new bill, the text of which was obtained by Bloomberg News, seeks to override a provision in the infrastructure legislation that cryptocurrency investors say is overly broad and would stifle growth of digital currencies.