A bipartisan team of lawmakers in the U.S. is introducing a bill to narrow some of the cryptocurrency tax reporting rules that were included in the infrastructure bill which is set to become law on Monday, November 22.
The U.S. Justice Department is set to sell $56 million worth of cryptocurrency it seized as part of its case against BitConnect, a cryptocurrency Ponzi scheme that, through promoters, swindled thousands of investors out of $2 billion.
Large publicly-traded bitcoin miners are accumulating bitcoin by raising capital or leveraging their BTC holdings to help cover operating costs rather than selling it for fiat currency. By loaning their bitcoin holdings to earn fiat currency, they are able to cover operating expenses.
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Top stories in the Crypto Roundup today:
- Lawmakers Seek Fix to Crypto Reporting in U.S. Infrastructure Bill
- U.S. to Sell $56 Million in Crypto Seized in Case Against BitConnect
- Publicly-Traded Bitcoin Miners Are Stashing BTC
- What are Axie Infinity Shards (AXS)?
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