Thursday, September 21

House Members Urge US Treasury Secretary To Clarify Definition Of Corridor In Infrastructure Act By Cointelegraph

©Reuters. Members of the House of Representatives urge the US Secretary of the Treasury to clarify the definition of a corridor in the infrastructure law

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.”

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