A bipartisan group of members of the US House of Representatives asked Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed in November around the definition of “corridor.”
In a letter sent Wednesday, House Financial Services Committee lead Patrick McHenry and 10 other representatives urged Yellen to reference the Keep Innovation in America Act to “ensure that any guidance future” in the November infrastructure bill provides “necessary clarity to the digital asset ecosystem.” In addition to reporting requirements, lawmakers said the Treasury Department should narrow the scope of information a broker can capture, as it would risk “creating an uneven playing field for digital asset transactions and that are required to provide them.”
RM @PatrickMcHenry, @RepTimRyan, and colleagues sent a letter to @SecYellen ahead of the expected guidance on new digital asset reporting requirements.They urge her to provide additional clarity to America’s innovators and entrepreneurs.Read more https://t.co/JquRbvVds9 pic.twitter.com/9hXZytbSkX
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