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US Lawmakers Move to Clarify Definition of ‘Brokers’ in 2021 Infrastructure Law

Supported by Senators Pat Toomey (R-Pa,) Mark Warner (D-Va.), Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio), the bill would exclude miners or other node operators and wallet manufacturers from the definition of a “broker” in a 2021 infrastructure law that imposed new tax reporting requirements on those facilitating crypto transactions.