Biden Deals Blow to Crypto Industry, Backs Plan to Tax Proof-of-Stake
In a surprise move, the Biden Administration threw its support behind an amendment to a major bill in the U.S. Senate that would subject a broad segment of the crypto industry to onerous or even impossible tax reporting obligations.
https://decrypt.co/77841/biden-crypto-infrastructure-bill-amendments
I can’t imagine this going over well. Generally, people who deal in Crypto are people who don’t want government interference.