The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation and will impose broad third-party reporting requirements on any crypto firm deemed to be a “broker.”
On Monday, Jake Chervinsky, general counsel to Compound Labs, tweeted that the United States Senate had voted 68 in favor to 29 against ending the debate surrounding the provisions, halting discussions until Tuesday’s final vote.
However, Chervinsky emphasized that the Senate could still pass an amendment to the bill by unanimous consent before the final vote.
Senate talks over the controversial cryptocurrency tax provisions to the U.S. infrastructure bill have stalled, with an unamended version of the bill set to be put to a vote on Tuesday.
