Senators Toomey and Lummis Speak On Amendment To Infrastructure Bill, Comment On Power Of Bitcoin

Today Senators Pat Toomey (R-PA) and Cynthia Lummis (R-WY) spoke about the $1.2 trillion bipartisan infrastructure bill currently being considered by the Senate.

To begin, Senator Toomey introduced a much-debated amendment to the bill. He noted the general agreement among senators and the bitcoin community that centralized digital exchanges acting as brokers should be required to report transactions to the IRS just like other kinds of brokers. The case for the amendment is that the language of the current text of the infrastructure bill is flawed.

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