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Crypto Tax: How Congress Wants to Pay for Your New Roads

Posted On: Oct 21, 2021   |   Posted By: Time

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The whole sexiness of cryptocurrency has been its potential to disrupt the status quo, to revolutionize Wall Street and create a new democratic ethos in a global economic system has largely been dictated by the U.S. dollar since the end of World War II. Well, that allure is starting to fade as even crypto's strongest evangelists realize they may still have to play by Washington's rules if they want to keep literally printing money.

A bipartisan framework on infrastructure spending-and how to fund that spending-cleared its first procedural hurdle in the Senate on Wednesday. A 2,500-page draft of the deal is now racing through Washington, though lawmakers today are saying it's premature to treat it as gospel. Special interests are still trying to sneak in their own efforts as patience among negotiators is at a nadir. Much of the...

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