Infrastructure Bill

Rep. Patrick McHenry (Shutterstock/CoinDesk)

Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision

Rep. Patrick McHenry. who chairs the committee in January, expressed his concerns in a letter to Treasury Secretary Janet Yellen.

By Nikhilesh De

Dec 15, 2022 at 9:54 p.m. UTC

Dec 15, 2022

regulationsInfrastructure BillPatrick McHenryHouse Financial Services CommitteeTreasury Department

U.S. Senators Pat Toomey (left) and Cynthia Lummis (Kevin Dietsch/Getty Images)

US Lawmakers Move to Clarify Definition of 'Brokers' in 2021 Infrastructure Law

The bill would exclude miners, stakers and other parties who may not have the tax reporting information needed to otherwise comply.

By Nikhilesh De

Aug 3, 2022 at 5:42 p.m. UTC

Aug 3, 2022

regulationsCynthia LummisPat ToomeyKyrsten SinemaInfrastructure Bill

Regulation and the Evolution of Money, With Senator Pat Toomey

As the crypto ecosystem develops and evolves, regulation follows a few steps behind.

By Michael J. Casey Sheila Warren

Mar 11, 2022 at 4:49 p.m. UTC

Mar 11, 2022

Money ReimaginedCryptoRegulationInfrastructure BillBitcoinStablecoinsbipartisan

(Samuel Corum/Bloomberg via Getty Images)

US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules

A letter from a Treasury official addresses crypto industry concerns about access to customer information.

By Nelson Wang Nikhilesh De

Feb 11, 2022 at 10:29 p.m. UTC

Feb 11, 2022

Treasury DepartmentPolicyInfrastructure BillIRS

Unconstitutional Crypto Surveillance Tucked Inside Biden’s Infrastructure Bill?

In November, U.S. President Joe Biden signed into law the infrastructure bill that includes a controversial provision broadening the tax code’s definition of “broker.” Yet, crypto and civil liberties attorney Marta Belcher suggests there could be another hidden crypto provision that violates the Fourth Amendment of the U.S. Constitution.

By CoinDesk Staff

Jan 28, 2022 at 4:13 a.m. UTC

Jan 28, 2022

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Policy

Infrastructure bill

US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'

The representatives propose following a definition which avoids placing "unworkable customer reporting obligations" on parties who do not, in fact, have customers, such as crypto miners and stakers.

By Jamie Crawley

Jan 27, 2022 at 4:39 p.m. UTC

Jan 27, 2022

Infrastructure BillBrokers

Video

Regulation

2021: The Year of Crypto Policy and Regulations

From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling with tighter regulation, 2021 was a defining regulatory year for the industry.

By CoinDesk Staff

Dec 28, 2021 at 7:51 p.m. UTC

Dec 28, 2021