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U.S. Senator proposes more detailed treatment of cryptocurrency regulations

U.S. Senators Ron Wyden (D-OR), Cynthia Lummis (R-WY) and Pat Toomey (R-PA) Propose amendments Yesterday, the US$1 trillion Infrastructure Investment and Employment Act (IIJA) was passed to address its Proposed cryptocurrency regulations.

Cryptocurrency is not the point International Business Association-The main purpose of the bill is to provide funds for the improvement of US infrastructure-but it contains several provisions designed to make it easier for financial regulators to monitor the crypto market. These rules are also expected to raise up to 28 billion U.S. dollars through federal taxes within 10 years.

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