New Infrastructure Bill Looks to Raise 30B Through Crypto Taxes
According to a draft copy of the bill shared with CoinDesk, any broker that transfers any digital assets would need to file a return under a modified information reporting regime. The draft defined digital assets as “any digital representation of value … recorded on a cryptographically secured distributed ledger” or related technology. It also includes decentralized exchanges and peer-to-peer marketplaces in its definition of brokers.
A separate summary of the bill further clarified that cryptocurrencies are treated as a subsection of the broader digital asset umbrella.
Meanwhile, Bitcoin Price Slumped 5% as Recent Rally Began to Cool but our chart shows support is being satisficed and honored and a new rise could be in the making with a first take profit target at around 45k $
Our analysis remains Bullish up until the US government (they said they need a few months just 2 weeks ago) drafts a proposed plan on further regulation.
One Love,
the FXPROFESSOR
According to a draft copy of the bill shared with CoinDesk, any broker that transfers any digital assets would need to file a return under a modified information reporting regime. The draft defined digital assets as “any digital representation of value … recorded on a cryptographically secured distributed ledger” or related technology. It also includes decentralized exchanges and peer-to-peer marketplaces in its definition of brokers.
A separate summary of the bill further clarified that cryptocurrencies are treated as a subsection of the broader digital asset umbrella.
Meanwhile, Bitcoin Price Slumped 5% as Recent Rally Began to Cool but our chart shows support is being satisficed and honored and a new rise could be in the making with a first take profit target at around 45k $
Our analysis remains Bullish up until the US government (they said they need a few months just 2 weeks ago) drafts a proposed plan on further regulation.
One Love,
the FXPROFESSOR
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📣 Professor's Public Telegram:
💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.