TechCrunch
Congress must clarify how the infrastructure bill will impact cryptocurrency
The $1 trillion U.S. infrastructure bill, signed into law by President Joe Biden last week, contains provisions that would tax cryptocurrency trades and yield the U.S. government some $2.8 billion a year. The infrastructure bill says “a brokerage” needs to keep track of these things. There’s no question that, on some level, the government is due taxes earned from cryptocurrency trading like any other investment gain — typically at the time a person liquidates, or like a transfer of property.
