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Crypto Lobby Group Blockchain Association Says The Proposed Infrastructure Bill Threatens Crypto Innovation
Summary: On Thursday, the Blockchain Association says the proposed the proposed infrastructure bill "threatens crypto innovation." As previously reported, one of the bills "pay-fors" is tightened tax reporting requirements for crypto companies, which are estimated to raise some $28 billion to be used to fund infrastructure projects over a period of years. According to Kristin Smith of ...
On Thursday, the Blockchain Association says the proposed the proposed infrastructure bill "threatens crypto innovation." As previously reported, one of the bills "pay-fors" is tightened tax reporting requirements for crypto companies, which are estimated to raise some $28 billion to be used to fund infrastructure projects over a period of years.
According to Kristin Smith of the Blockchain Association, such burdens risk pushing crypto companies outside of the United States entirely.
“While improvements to our nation’s infrastructure are important, the hastily drafted language around revenue raising provisions in the infrastructure package could have unintended consequences that strike at the heart of innovation in the cryptocurrency ecosystem," Smith said in a statement.
By Amy Liu
Tags: Blockchain Association,Crypto,Infrastructure Bill,Lobby
Link: Crypto Lobby Group Blockchain Association Says The Proposed Infrastructure Bill Threatens Crypto Innovation [Copy]
