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Greg Murphy

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Greg Murphy

Greg Murphy (R)

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Crypto bill sponsorship

Rep. Greg Murphy has put out 1 crypto bill.

Keep Innovation in America Act

H.R. 6006

117th Congress

Co-sponsored
Bill failed

This bill expands the definition of broker, for purposes of tax information reporting, to include any person who (for consideration) stands ready in the ordinary course of a trade or business to effect sales of digital assets at the direction of their customers. It also provides for reporting requirements for digital assets (i.e., any digital representation of value that is recorded on a cryptographically secured distributed ledger).

The bill requires a study and a report on the treatment of digital assets as cash for purposes of reporting requirements for cash payments of more than $10,000.

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