You are currently viewing US Lawmakers Move to Clarify Definition of ‘Brokers’ in 2021 Infrastructure Law

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.



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