For Senators Contact the Treasurer to clarify the concept of broker in the Infrastructure Act of 2022

The housing law defines workers as "too much," according to US lawmakers, and provides information to people who may not have access to the information must follow.

A disputed group of U.S. Senators have asked Treasury Secretary Janet Yellen to clarify the introduction of a cryptocurrency tax bill on a construction bill signed by U.S. President Joe Biden.

In Tuesday's letter, Senators Rob Portman, Mike Crapo, Pat Toomey, Mark Warner, Kyrsten Sinema and Cynthia Lummis called on Yellen to "provide information or advice illegally." In today's environment, people working in the crypto space, including miners, software developers, electronic users, and node employees, must report that device digital assets typically exceed $ 10,000 for Internal. Revenue Service (IRS).

However, according to US lawmakers, the law means the broker is "too much" and places a heavy burden on people who may not have the necessary business information. The official said Yellen has the right to use the code of conduct to determine how government agencies operate and to promulgate policies. In this case, they ask him to provide procedures to clarify the meaning of an intermediate "speed", ie at the end of the last year.

Senators called for careful consideration of the features of simplifying this area, which may include "differences in data distribution and differences in the approval process for the second contract. In some industries, digital technology will affect advancements. technological, ”he said. , clear information on tax returns will be very important for the inhabitants of this ecosystem. "

This letter is the latest effort by the US Congress to amend the Infrastructure Act tax code. Tumi, Loomis, Cinema, Portman and Warner urged both sides to accept the amendment when the bill passed in August, but the motion was brought forward by Alabama Senator Richard Shelby himself. The invoice is canceled. On the same day, Senators Ron Wyden and Lummis also attempted to pass a bill that would amend the tax code to "not apply to blockchain technology and man-made wallets."

Senators said, “Since this bill became law, Congress has a responsibility to ensure that it is implemented effectively and in accordance with its objectives.

Portman, Crapo, Toomey, Warner, Sinema and Lummis added that they "were planning to provide legal advice" to explain the broker's significance.