Category: infrastructure bill

China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week

September 27, 2021

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Bitcoin (BTC) is at the start of another week with China’s latest “ban” behind it — but its next “FUD” story is already brewing. The United States’ infrastructure bill is back on the table, with this week likely to see a definitive vote on what could shake up cryptocurrency businesses. At the same time, fundamentals […]

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US House of Reps to deliver verdict on infrastructure bill this week

September 27, 2021

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While Speaker Nancy Pelosi expects the infrastructure bill to pass, the Democrats are divided on whether to pass the legislation before the terms of a follow-up $3.5 trillion package is finalized. 3165 Total views 22 Total shares According to Reuters, Pelosi expressed confidence the legislation will pass upon announcing the date on Sunday, Sept. 26, […]

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Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions

August 25, 2021

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The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27. 3376 Total views 29 Total shares The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27. The vote […]

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Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

August 18, 2021

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General counsel to Compound Labs, Jake Chervinsky, has warned that the Treasury Department wants to “capture” the DeFi sector through the crypto provisions added to the infrastructure bill. 3532 Total views 162 Total shares The last-minute cryptocurrency provisions added to the U.S. infrastructure bill sought to “capture DeFi,” argues Compound’s general counsel Jake Chervinsky. Appearing […]

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Unchanged crypto tax bill will be put to a vote on Tuesday

August 9, 2021

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Senate talks regarding the controversial crypto provisions to the U.S. infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday. 6410 Total views 217 Total shares The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on […]

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Betting on tax bill FUD: 5 things to watch in Bitcoin this week

August 2, 2021

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Bitcoin (BTC) is at a crossroads as it starts a new week — hovering around $40,000 but with serious headwinds keeping it from bouncing higher. After an impressive weekend that saw highs above $42,500, a comedown saw BTC/USD lose the $40,000 mark. A reversal and consolidation were broadly expected — the pace of gains over […]

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