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U.S. Infrastructure Act faces delays due to crypto regulation

The U.S. Infrastructure Act will also modify the taxation of digital assets. It is currently the target of a last-minute amendment, which delayed the final vote. The bill is facing delays, especially because the last-minute amendments led to a debate between the White House and Senate Finance Committee Chairman Ron Wyden on the best way to require cryptocurrency entities to report transactions to the IRS.

The broader bill aims to strengthen federal government spending on U.S. infrastructure, using large sums of money (billions of dollars) as part of the U.S. employment plan to repair existing roads, ports, bridges, and public transportation infrastructure. While also investing in New infrastructure Designed to support community and business growth.

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