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As a bipartisan Senate moved toward a vote on President Joe Biden’s infrastructure package, a chorus of leaders from Silicon Valley and Washington raised concerns about a provision that would add new taxes on crypto.

“The infrastructure deal contains DANGEROUS provisions that would devastate crypto and blockchain innovation,” Sen. Ted Cruz said on Saturday. 

Tesla CEO Elon Musk called the legislation “hasty,” saying now was not the time for lawmakers “to pick technology winners or losers.” 

A bipartisan Senate bill last week included new tax rules for crypto trading firms and brokers, a move expected to details ⇒

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