Finance, investment and tax-related legislation

But observers say the industry did relatively well for one of its first efforts at impacting legislation.

A CPA and a corporate communications vet are at the forefront of trying to reinstate the state and local tax deduction.

Although the upper house is moving forward on the infrastructure legislation, agreement on a last batch of amendments was elusive.

Broad oversight for virtual currencies remains a part of the infrastructure bill currently in the Senate.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.

A bipartisan group released an alternative cryptocurrency revenue-raising plan.

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.

A Senate plan to spend $550 billion on U.S. infrastructure stands to benefit industries heavily dependent on transportation.