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ARTICLE · 16 SEPTEMBER 2021

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The U.S. Infrastructure Bill And Cryptocurrency Regulation

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The regulation of cryptocurrency has been a point of interest lately for U.S. lawmakers. The $1 trillion infrastructure bill H. R. 3684, which includes provisions for crypto regulation, passed the Senate.

United StatesTechnology
M. Ridgway Barker
M. Ridgway Barker
Joseph Bambara
Joseph Bambara
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M. Ridgway Barker co-authored this article with Joseph Bambara, CIPP/US.

The regulation of cryptocurrency has been a point of interest lately for U.S. lawmakers. The $1 trillion infrastructure bill H. R. 3684, which includes provisions for crypto regulation, passed the Senate. The developing U.S. cryptocurrency regulation will address: stopping cryptocurrency crime and tax evasion, stablecoin regulation, and investment vehicles, e.g., cryptocurrency ETFs. One such newly proposed cryptocurrency regulation is included as a provision of the $1 trillion bipartisan infrastructure bill moving through Congress. The provision: SEC. 80603. INFORMATION REPORTING FOR BROKERS AND DIGITAL ASSETS would expand the definition of a brokerage to include companies that facilitate digital asset trades like cryptocurrency exchanges. The change would mean increased tax reporting responsibility to facilitate the IRS's ability to track crypto tax evasion. The provision SEC. 80603 is a

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