Tag: infrastructure bill

Apr 06 2022

When Will The Infrastructure Bill Reckoning Happen For Bitcoin?

The Infrastructure Investment and Jobs Act was received with resistance from Bitcoiners, but still passed — when will the reckoning occur?Bitcoin 2022 was a fantastic center of conversation for the politics and legislation involving Bitcoin. On April sixth, Industry Day, the Nakamoto Stage played host to such conversations, as leaders in the industry considered the various implications of the Biden Infrastructure...

Apr 05 2022

Mar 09 2022

A Bitcoin Tax Reporting Nightmare Is Coming In 2023

As bitcoin investors prepare for tax season, they may not be surprised to learn that misguided regulation will make tax reporting even harder in the future.You spend weeks pouring over your transaction history, trying to make sure that your tax return is accurate. Despite your best efforts, you end up getting a warning letter from the IRS saying that you owe thousands...

Feb 14 2022

Feb 12 2022

The IRS’ Reporting Requirements For Brokers Won’t Affect Crypto Miners & Stakers

The infamous Infrastructure Bill put the IRS in a difficult situation. The bill gave the organization incredible fund tracking superpowers. The thing is, the measurements were impossible to enforce. Now, Bloomberg...

Nov 18 2021

Congressmen Seek To Strike Bitcoin Reporting Requirements From Infrastructure Bill

The Keep Innovation in America Act seeks to repeal the reporting requirements of the infrastructure bill and clarify the meaning of “broker.”Representatives Patrick McHenry (NC-10) and Tim Ryan (OH-13) have today introduced the Keep Innovation in America Act, a bipartisan bill seeking to fix the “digital asset”...

Nov 16 2021

Nov 06 2021

House Passes $1 Trillion Infrastructure Bill; Implications For U.S. Crypto Community

The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden's desk to be signed into law. If signed, it would introduce new...

Oct 13 2021

The Reconciliation Bill May Accelerate Bitcoin Adoption In The U.S.

The proposed bill includes intrusive tax collection measures which would inhibit the productivity of the nation.There’s a strong reason behind the recent wave of bitcoin adoption among the world’s least stable and poorest countries. Bitcoin disproportionately benefits the underbanked and underprivileged because it gives them access to an open global monetary network with predictable policy and low barriers to...

Sep 20 2021

Infrastructure Bill Seeks To Obligate People To Report Bitcoin Payments Of Over $10,000 To The IRS

The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.According to Publication 1544 of the U.S. Internal Revenue Service (IRS), any person who receives more than $10,000 in cash in 12 months due to a trade or business must report it to the IRS and the Financial Crimes Enforcement Network (FinCEN) on...

Sep 16 2021

The State Could Try To Leech Off Of Bitcoin Rather Than Banning It

Governments truly wanting to “beat Bitcoin” may carefully consider siphoning the value gained through bitcoin.I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it. -Ray Dalio on BitcoinBanning Bitcoin is a practical impossibility. The...

Sep 15 2021

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.The following article was previously published by Tax Notes, and has been republished here with permission.An overlooked provision in the Senate-approved infrastructure bill1...

Aug 25 2021

Bitcoin’s Price Has Risen, But This Metric Hasn’t

August 25, 2021 / Unchained Daily / Laura Shin Daily Bits...

Aug 18 2021

Bitcoin Can Protect Your Portfolio From Inflation

Discussing how bitcoin can protect portfolios from inflation and the proposed U.S. infrastructure bill.Watch This Episode On YouTubeListen To This Episode:...

Aug 12 2021

How Taper Talk, Repos, China And U.S. Legislation Are Impacting The Bitcoin Market

Discussing how potential tapering by the Federal Reserve, economics in China, U.S. legislation and more through a Bitcoin lens.Watch This Episode On YouTubeListen To This Episode:...

Aug 10 2021

Bitcoin and The Streisand Effect

Because Bitcoin cannot be stopped or shut down, this means that any publicity — negative or positive — any attack or attempt to quell the network via restrictive legislation is ultimately good for Bitcoin.Wikipedia defines The Streisand effect as “...a social phenomenon that occurs when an attempt to hide, remove, or censor information has the unintended consequence of further publicizing that information.”...

Aug 09 2021

The Senate Wars: The Infrastructure Bill And Janet Yellen Against Bitcoin

While a proposal to increase tax obligations to Bitcoin actors brews in the senate, Yellen lobbies against Bitcoin in the background.In July, the White House and Sen. Rob Portman (R-Ohio) agreed to a proposal that would require increased tax obligations for bitcoin "brokers" as a means to help fund the bipartisan...

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