QUORUMCALL//GPT:
CRYPTO GETS A BOOST
Senator Elizabeth Warren, known for her critical stance on cryptocurrency, has surprised many by endorsing a pro-crypto amendment to the infrastructure bill.
SWITCHING SIDES?
• Senator Warren has previously voiced concerns over cryptocurrencies, citing issues such as environmental impact and consumer protection.
• However, she has thrown her support behind an amendment that would limit a provision in the infrastructure bill targeting cryptocurrency tax reporting, arguing that the provision is too broad.
IMPACT
• The bill’s provision could hinder the growth of the crypto industry if it passes in its current form.
• With Warren’s support, the amendment has a better chance of passing, potentially benefiting the crypto industry.
TOPICS COVERED
#Cryptocurrency #InfrastructureBill
NOTE
The article is published on Yahoo Finance, known for its coverage of financial and business news.