Twitter co-founder and Square CEO Jack Dorsey has rejoined the ongoing discussion regarding the crypto tax provision proposed as part of the Infrastructure Bill.
The tech entrepreneur addressed the leading figures involved in the provision in a Twitter thread on August 8. Such figures as Senators Cynthia Lummis, Ron Wyden, and Pat Toomey, who authored an amendment that would offer protection for software developers, bitcoin (BTC) miners, and hardware manufacturers. He also tagged Senators Rob Portman, Mark Warner, and Kyrsten Sinema, authors of a competing amendment.
After expressing his thanks, Dorsey offered a “workable simplification” in the ensuing thread. He wrote, “Forcing reporting rules on Americans who develop software and hardware, who mine and secure the network, or who run nodes to build resilience and efficiencies, is an impossible ask that will only drive development and operation of this critical technology outside the US.”