House approves $ 1,000 infrastructure bill with crypto tax approved by Biden Cointelegraph

The U.S. House of Representatives approved a $ 1.2 trillion bipartisan infrastructure bill that, if President Joe Biden signed the law, would enforce new provisions on the cryptocurrency tax report for all citizens.

The infrastructure bill was proposed by the Biden administration, mainly with the aim of improving the national transport network and Internet coverage. However, the bill it mandates strict reporting requirements for the crypto community, all digital asset transactions worth more than $ 10,000 must be reported to the IRS.