Portman

The Warner-Portman-Cinema amendment follows an amendment proposed by US Senators Ron Wyden (D-Wash.), Cynthia Lummis (D-Wisconsin) and Pat Toomey (D-Pennsylvania) on Wednesday. This amendment aims to loosen IIJA’s restrictions on cryptocurrencies after criticism from industry representatives and privacy advocates.

News 2021-08-07 3 min read

White House backs Portman amendment to exempt crypto miners in tax proposal

The White House is reportedly formally supporting the Warner-Portman-Sinema crypto amendment over the Toomey-Wyden-Lummis proposal. The former seeks to exclude proof-of-mining and sellers of hardware and software wallets from expanded taxation on crypto transactions and establishesвЂ¦

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