Bitcoin's rise pauses after infrastructure bill's cryptocurrency amendment fails

Bitcoin slips 1.0% in the last 24 hours, trading recently at $45.3K, after the cryptocurrency industry's efforts to limit the definition of brokers in the infrastructure bill was blocked. At issue is a section of the infrastructure bill that seeks to raise $28B over the next decade through taxing cryptocurrency. The provision would require some crypto companies that provide a service "effectuating" the transfer of digital assets to report information on their users to the Internal Revenue Service. Cryptocurrency industry proponents say that, as it stands now, the provision would apply to companies such as crypto miners that aren't able to collect data on users. There were two competing amendments to limit the definition. The senators involved in the two amendments then worked to reconcile them. "We've worked with the Treasury Department to clarify the underlying text and ensure that those who are not acting as brokers will not be subject