US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill

Posted on by American Coins & Gold

US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
A bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis (R-Wyo.) wrote that the crypto industry is concerned about how a broker might be defined after the passage of the Infrastructure Investment and Jobs Ac, the bipartisan infrastructure bill signed into law last month.The bill contains a handful of crypto provisions, with one imposing reporting requirements on brokers drawing attention…