Controversial US ‘crypto law’ gets ultimate green light from US lawmakers Crypto Insiders

A few months ago, legislators in the United States drafted a major new law aimed at transforming the country’s infrastructure. This ‘Infrastructure Bill’ Was the law of enormous assets. More than $ 1 trillion was linked to the law. To pay for this, many crypto-related things were added that were not properly liked by the crypto community.

Green light

After long meetings, the time has come. Now the final approval for the controversial law has been obtained US House of Representatives Got it. The bill was passed in the Senate some time ago, but with the green light from the House of Representatives, the bill still has some time to come into force.

Many criticisms arose on Crypto Matters relating to the law. For example, investors with more than $ 10,000 in their portfolio must notify U.S. tax authorities to generate additional taxes for the state.

Even US senators find no sense in such actions. In particular, the uncertainty about the exact purpose and methodology of crypto-related components has caused a lot of headaches for some U.S. legislators. Senator Pat Doomie Said as follows:

“The law imposes a cryptocurrency tax mandate that is deeply flawed and in some cases inoperable, threatening future technological innovations.”

Nevertheless, a majority of the House of Representatives voted in favor of the infrastructure bill, including these controversial crypto components. It is now awaiting the signature of President Joe Biden to officially enact legislation.

There is still a lot of disagreement about the effects of the crypto community in the United States and elsewhere in the world. For example, there are experts Major concerns About innovation in the country. Others Those with little concern and believe that the crypto industry cannot be easily defeated.