The U.S. House of Representatives will start debating a bipartisan infrastructure bill next week, but Democrats are threatening to withhold their support for it for various reasons. This means the fate of a crypto tax provision might depend on whether another bill makes its way out of the Senate.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.
(Endless) infrastructure week
The Senate passed its version of the infrastructure bill to the House of Representatives last week. The House will return from its vacation next week to try and pass the bill. But while we may be focusing on the crypto tax provision within the proposed law, issues completely unrelated to crypto might determine if the bill is passed or whether the crypto language is modified.
Why it matters
The crypto industry pulled together to try and…