How a Crypto Tax Provision Snuck Into the Infrastructure Bill
Gonzalez explains how an overly broad crypto 'broker' tax provision ended up in the bipartisan infrastructure bill almost by accident.
- A tax provision to fund the infrastructure bill unexpectedly targeted crypto brokers
- The definition was broad enough to sweep in ordinary developers
- The sponsoring senator had to publicly clarify intent to limit the fallout
“people are high-fiving and it's like oh wait a minute there's a crypto provision in there in the infrastructure bill”
“the person who crafted that provision didn't intend it to be as wide sweeping as it was”