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House ‘Infrastructure’ Bill To Make It A Felony To Trade $10k In Bitcoin And Not Report Seller To Government

House 'Infrastructure' Bill To Make It A Felony To Trade $10k In Bitcoin And Not Report Seller To Government
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The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement.

The House voted in favor of the bill with at least 218 ayes late Friday night, fulfilling a key priority for the Biden administration amid controversy over whether an accompanying Democrat-led bill would also move forward. The Senate originally passed the bill in August after lawmakers shot down any attempts at amending the crypto provision.

The bill now goes to U.S. President Joe Biden for his signature…

To read more visit CoinDesk.

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