As TI Crypto Global went to press today, the crypto industry was waiting to see whether the bipartisan infrastructure bill would pass in the House of Representatives.
The bill, which already passed in the Senate, contains new tax-reporting requirements for crypto businesses that critics have argued are impossible for some types of companies to meet. The fate of the bill has been thrown into question by progressive Democrats, who say they will only vote for the proposed legislation if they have a guarantee that a $3.5 trillion budget reconciliation package, which addresses paid leave, climate change and healthcare, will pass as well.
A vote on the infrastructure bill is not expected before 9 p.m. ET.
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