A new change to a crypto tax provision in the bipartisan infrastructure bill would exclude miners and others from tax reporting requirements.
A previous section of the infrastructure bill would have required miners and node operators to report crypto transactions like brokerages — which the crypto industry contested.
The new amendment states:
"Nothing in this section … shall be construed to create any inference that a person described in [the bill] includes any person solely engaged in the business of (A) validating distributed ledger transactions, (B) selling hardware or software for which the sole function is to permit a person to control private keys … or (C) developing digital assets or their corresponding protocols for use by other persons, such that such other persons are not customers of the person developing such assets or protocols."
Crypto industry advocates, such as the Coin Center trade group, broadly appear to support the new amendment.