House Lawmakers Set To Square Off With White House, Treasury Department Over ‘Stifling’ Crypto Tax Plan

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House lawmakers are set to consider a controversial and last-minute cryptocurrency tax provision that has been criticized as vague, expansive, and potentially unworkable, with many fearing it could stifle the industry and force companies to collect personal information on their customers.

The provision has the backing of the Biden administration. Treasury Secretary Janet Yellen personally lobbied lawmakers earlier this month, advocating for more stringent regulation of digital assets.


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