According to Senator Toomey, people who are not running centralized exchanges should not be roped into the tax reporting business. The passing of Joe Biden’s $1 trillion infrastructure bill without amending the language would likely chase out decentralized exchanges out of the U.S. market.
Senator Wyden commented that while he wants to crack down on tax evaders, he does not wish to destroy the innovations that come with a decentralized network. Evidently, the death of decentralized network is what the White House is supporting. The community can only hope for the success of the pro-crypto amendment.
[url]https://mycryptoparadise.com/crypto-tax-strife-continues-as-senate-delays-vote[/url]