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The House passed the bipartisan infrastructure bill⁠—here’s how crypto investors will be impacted

[CNBC, Twenty/20] The House passed the $1.2 trillion bipartisan infrastructure bill late Friday. Now, it’s off to President Joe Biden’s desk to be signed. The legislation includes tax reporting provisions that apply to digital assets like cryptocurrency and nonfungible tokens, or NFTs. There are two potential ways crypto investors will be impacted. Here’s a look at each. […]

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‘There is no emergency,’ say crypto firms as US plans new ownership disclosure rules

[Business Insider, Getty Images] Coinbase, Kraken, and other cryptocurrency exchanges are pushing back against a US Treasury Dept. proposal that would require them to log personal details about the people who use cryptocurrency.Under the proposal, crypto companies would have to record and report crypto transactions above $10,000, just as banks are required to. “There is no […]

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Bitcoin Faces Regulatory Scrutiny After Record-Breaking Rally

[Bloomberg, Getty Images] Treasury, SEC views seen looming large on 2021 crypto outlookDeutsche Bank survey found a majority of investors are bullish It’s been a tough year by all accounts. But for Bitcoin, 2020 has been a marvelous time. The cryptocurrency almost quadrupled, surpassing $20,000 for the first time as it notched record after record. […]

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