US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'

Posted on by American Coins & Gold

US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'
A group of United States representatives have challenged the infrastructure bill’s definition of “broker,” believing it to be incompatible with the crypto ecosystem.The 11 representatives, which include Patrick McHenry (R-N.C.), Tim Ryan (R-Ohio) and Tom Emmer (R-MN), have written to Secretary of the Treasury Janet Yellen asking for clarity on how the Infrastructure Investment and Jobs Act defines a broker.The bill, according to the letter dated Jan. 26., “affords the Department of Treasury the ability to interpret who within the digital asset ecosystem qualifies as a ‘broker.’ This subjective interpretation has the potential to reach those beyond the intent of…