Ex-Bakkt CEO Kelly Loeffler Got $9M Payout as She Left for US Senate: Report
Senator Kelly Loeffler received the hefty payout from her husband's company, Intercontinental Exchange, as she left bitcoin company Bakkt to take up her political position.
The carve-out would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.
Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.
The amendment is a compromise between two previously proposed amendments.
The crypto provision in the U.S. infrastructure bill was one of a handful of issues that nearly delayed the entire package.
Cynthia Lummis, who won an open U.S. Senate seat in Wyoming, wants to explain bitcoin's value to her new colleagues.