What to Know About the Bipartisan Infrastructure Bill's Little-Debated Tax Provision
The Senate-approved infrastructure bill has been the subject of much debate in the crypto sphere, particularly in its expansive definition of “broker” as it relates to crypto transactions. But according to the Proof of Stake Alliance (POSA), another provision in the bill, tax code section 6050I, could require some peer-to-peer crypto transactions to be reported to the government. Unlike other tax code reporting violations, violations of this provision are felonies. "The Hash" team unpacks the latest on the infrastructure bill and its potential impact on the crypto industry.