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Bipartisan Bill To Fix Crypto Reporting In Infrastructure Bill

Two representatives introduced the Keep Innovation in America Act, yesterday in a bipartisan bill attempting to adjust the infrastructure bill’s controversial“digital asset” reporting requirement.

Patrick McHenry (NC-10) and Tim Ryan (OH-13) who drafted the bill spoke out telling the public “We have to figure out how to balance consumer protections and reasonable oversight while simultaneously providing these technologies and companies with the necessary space they need to grow, innovate and democratize the financial sector,”  in a statement from Rep. Ryan “I’m committed to finding that balance, and I believe the McHenry-Ryan legislation is the best path to get us there.”

It is still unclear whether there will be any success adjusting the law, we will keep you updated as the passage of this Bill may be the reason behind the drop in prices seen in crypto. 

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