A compromise amendment to the bill on tax reporting for income from cryptocurrency transactions wasrejected by the US Senate.
The compromise amendment would provide a clearer definition of a “broker,” who, according to the current text of the document, would be required to report cryptocurrency profits to the tax authorities.
Currently, under the definition of "broker"get miners, developers, stakers, etc. A compromise amendment would exclude validators, miners and stakers from this list. The Senate rejected this proposal.
Crypto industry representatives are concerned that, without adjustment, the new law will stifle the development of the sector in the United States and push businessmen to migrate abroad.
The final attempt to approve the amendment by unanimous vote is scheduled for Tuesday morning, Washington time.
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