New White House Amendment ???? Crypto Taxes To Fund Infrastructure In The USA?

The crypto community is rallying against an amendment to the U.S. infrastructure plan that maintains strict reporting requirements for developers and validators while exempting miners.

White House formally backed the last-minute amendment to the infrastructure deal in a late Thursday statement "to clarify the measure to reduce tax evasion in the cryptocurrency market."

The statement by White House deputy press secretary Andrew Bates says that "The Administration believes this provision will strengthen tax compliance in this emerging area of finance and ensure that high income taxpayers are contributing what they owe under the law." He continues:

"We are grateful to Chairman Wyden for his leadership in pushing the Senate to address this issue, however we believe that the alternative amendment put forward by Senators Warner, Portman, and Sinema strikes the right balance and makes an important step forward in promoting tax compliance."
SOURCE Read more here: https://cointelegraph.com/news/breaking-white-house-reportedly-supports-only-minor-changes-to-crypto-tax-proposal

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