Express
US Lawmakers Ask Janet Yellen to Specify How the Finance Ministry Will Define a “Broker” for Infrastructure Bill
Summary: In an open letter published Tuesday, a bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes. They wrote that the crypto industry is concerned about how a broker might be defined after the passage of the Infrastructure Investment and ...
In an open letter published Tuesday, a bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.
They wrote that the crypto industry is concerned about how a broker might be defined after the passage of the Infrastructure Investment and Jobs Ac, the bipartisan infrastructure bill signed into law last month.
“Some market participants have expressed concern that an overly-broad interpretation of this provision’s definition of ‘broker’ could capture certain individuals who are solely involved with validating distributed ledger transactions through mining, staking", Tuesday’s letter said.
By Amy Liu
Tags: broker,Crypto,Janet Yellen,Lawmakers,Tax
Link: US Lawmakers Ask Janet Yellen to Specify How the Finance Ministry Will Define a “Broker” for Infrastructure Bill [Copy]
