Cryptocurrency supporters are in the middle of their first big fight in Congress
Last week, the Senate approved a massive infrastructure package making serious investments in building out the US’s roads and bridges. It would be the largest domestic spending bill in almost a decade, and nearly every powerful lobbying shop circled Washington for months trying to shape its language.
But one industry was surprisingly thrown into the fight last minute: cryptocurrency. When the Senate finally announced the bill text earlier this month, it included a provision that could impose devastating new tax requirements for wallet developers and miners. Suddenly, the cryptocurrency industry and its few lobbying shops faced one of its largest regulatory threats ever. They needed all of the digital foot soldiers they could get to help…