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RE: Daily Crypto Markets Live Blog: Bitcoin to $50,000? (08/16/21)

So we get some clarity to the crypto section of the infrastructure bill.

It seems the Department of Treasury, which houses the IRS, is going to clarify what "broker" means. Thus, it will interpret it not to involve cryptocurrency miners or other block validators (We hope).

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Fingers crossed this has been a highly debated bill and has the potential to do more harm than good.

I dont think it will end up doing much to the industry. This will end up litigated out long before it becomes law.

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