Congressmen Seek To Strike Bitcoin Reporting Requirements Infrastructure Bill

Congressmen Seek To Strike Bitcoin Reporting Requirements Infrastructure Bill

Technology
November 20, 2021 by mvp00
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Representatives Patrick McHenry (NC-10) and Tim Ryan (OH-13) have today introduced the Keep Innovation in America Act, a bipartisan bill seeking to fix the “digital asset” reporting requirements in the infrastructure bill turned into law this week. “We have to figure out how to balance consumer protections and reasonable oversight while simultaneously providing these technologies
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Representatives Patrick McHenry (NC-10) and Tim Ryan (OH-13) have today introduced the Keep Innovation in America Act, a bipartisan bill seeking to fix the “digital asset” reporting requirements in the infrastructure bill turned into law this week.

“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,” Rep. Ryan said in a statement. “I’m committed to finding that balance, and I believe the McHenry-Ryan legislation is the best path to get us there.”





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