EP357 Infrastructure Bill Passed, New Bitcoin Tax Provision is Tyrannical
Recap of everything Bitcoin for Nov, 7th 2021 - Weekend Edition
► Despite all efforts, the infrastructure bill has been passed with horrible Bitcoin tax reporting provisions. This provision will not take effect until Jan. 1, 2024. Till then there will be various Bitcoin lobbying efforts. The senate will now work on a second major spending bill to create an amendment. Although the “broker” definition is very broad, it does not automatically cover miners, node operators, developers, etc - treasury will now interpret this - this is the scary part.
► DeFi protocol bZx has been hacked for the…
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