Crypto tax spurs House Democrats to rethink infrastructure bill

Photo caption: Leading the charge in the House are California Democrats in the orbit of Silicon Valley, including Rep. Anna Eshoo. | Greg Nash-Pool/Getty Images. Article by Victoria Guida. Politico – August 13, 2021.

Cryptocurrency became red-hot in the Senate after industry lobbyists were blindsided by part of the measure that would treat crypto more like stocks.

Crypto-friendly House Democrats are plotting a long-shot bid to scale back digital currency tax rules tucked into President Joe Biden’s infrastructure plan, threatening to prolong a lobbying battle that snarled the legislation in the Senate. […]

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