The ‘Don’t Kill Crypto’ Billboard; The Rise of Crypto Compliance Startups

With the deadline for a key vote on the bipartisan infrastructure bill just a month away, the controversy surrounding the bill’s crypto tax reporting requirements continues to heat up. A billboard emblazoned with “#Don’tKillCrypto” that went up in Birmingham, Ala., is gaining traction, showing that the fight over proposed legislation isn’t limited to Washington, D.C.—and rants on Twitter.

What a saga it has been for the infrastructure bill, which includes increased tax reporting requirements for crypto businesses. The proposed legislation already passed the Senate and is up for a vote in the House of Representatives. Crypto trade groups, influencers and enthusiasts have argued that the bill’s crypto tax proposal is too broad and would unfairly encumber businesses like bitcoin miners and digital wallet makers.