MacKenzie Sigalos on CNBC.com brings you the headlines of the day’s top business news. At today’s show, CNBC’s Brian Sullivan shares a preview of his road trip across California in an electric car and how third-party charging stations differ from Tesla’s. In addition, the proposed infrastructure bill includes new crypto tax rules aimed at raising billions of dollars.
The crypto industry is working hard this week on the wording of the Senate’s bipartisan infrastructure bill, which could choke on the vast crypto ecosystem.
The wording of the bill will require crypto brokers to report customer information to the Internal Revenue Service. More importantly, over the weekend, the definition of what is considered a “broker” does not exclude miners, software developers, stackers, etc. “Regularly provides services that enable the transfer of digital assets on behalf of others. Expanded to those who are “responsible for”. An individual in the crypto economy who has no customers.
“This language gives us a great deal of power in defining what should be included in our reporting requirements,” said Oppenheimer analyst Owen Lau. “Anyone who is responsible for regularly providing services that enable the transfer of digital assets on behalf of others, that can mean anything. If I transfer Bitcoin for you , That could mean I’m a broker. “
Is it safe to go to music festivals and outdoor concerts in Delta?This is what the experts say
The outdoor music festival Lollapalooza has brought thousands of people to Grant Park in Chicago.
Photos of Lollapalooza from Wednesday to Sunday show a large group of unmasked concert attendees cheering in a crowd. The organizers have not announced official attendance, but it was expected that more than 100,000 people would attend the four-day festival each day.
Safety measures for Lollapalooza before the event were easy. At the festival, participants were required to present a vaccination card indicating that they had been fully or partially vaccinated. Unvaccinated individuals had to wear a mask within 72 hours of attendance, showing evidence of a negative Covid test.