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U.S. Treasury Pushes Global Crypto Data-sharing Rules in the Upcoming $3.5 Trillion Budget Bill
Summary: The Biden administration is urging Democrats to include more rules for tax compliance on cryptocurrency transactions in the upcoming $3.5 trillion budget reconciliation package. The administration is hoping to add to the filibuster-proof package requirements that cryptocurrency businesses report information on foreign account holders so that the U.S. can share information with global trading partners, ...
The Biden administration is urging Democrats to include more rules for tax compliance on cryptocurrency transactions in the upcoming $3.5 trillion budget reconciliation package. The administration is hoping to add to the filibuster-proof package requirements that cryptocurrency businesses report information on foreign account holders so that the U.S. can share information with global trading partners, according to an administration official who wasn't authorized to speak for the record.
By Amy Liu
Tags: Budget Bill,Crypto,U.S. Treasury
Link: U.S. Treasury Pushes Global Crypto Data-sharing Rules in the Upcoming $3.5 Trillion Budget Bill [Copy]
