We Study Billionaires - The Investor’s Podcast Network BTC038: Bitcoin Legislature, Regulation, & Legal w/ Joe Carlasare and Jason Brett (Bitcoin Podcast)
Aug 11, 2021
Joe Carlasare, an expert in Bitcoin legislation, and Jason Brett, a digital asset lobbyist, delve into the intricacies of the U.S. infrastructure bill and its unexpected ties to digital assets. They discuss the problematic language of the bill, the variety of proposed amendments, and the evolving views of lawmakers on cryptocurrency. The conversation touches on regulatory bodies like the SEC and CFTC, and explores how these regulations could bullishly or bearishly impact Bitcoin's future. Their insights are both eye-opening and essential for anyone interested in crypto legislation.
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Crypto Tax Reporting in Infrastructure Bill
- The infrastructure bill aims to increase tax revenue by improving cryptocurrency tax reporting.
- The bill's broad definition of "broker" caused concern in the crypto community.
Reactions to the Infrastructure Bill
- Senator Portman's office seemed caught off guard by the crypto community's strong reaction to the bill.
- The White House viewed the pushback as an attempt to weaken the bill.
Crypto Industry Unites
- The crypto industry unified in its response to the infrastructure bill, demonstrating its growing influence.
- This collective action, including grassroots campaigns, has significantly impacted the bill's trajectory.