Market Wrap: Bitcoin Rallies Despite Cooler Inflation Data
The crypto reached its highest level since mid-May.
It's still unclear whether Congress will adopt any amendments.
The crypto industry wants to change a tax provision when the House takes up the Senate's infrastructure bill, but other issues may take precedence.
The House will consider the bipartisan infrastructure bill on Sept. 27.
Citing an unnamed official, Bloomberg said Treasury won’t go after crypto firms that don’t meet the tax code’s definitions of a “broker.”
Rep. Anna Eshoo endorsed a compromise amendment intended to narrow the scope of the term "broker" for crypto tax reporting purposes.