From the Decrypt article Bitcoin Lobby Loses: Senate Rejects Revised Crypto Tax Provisions in Infrastructure Bill…
The Senate rejected an amendment championed by the cryptocurrency industry that exempts non-custodial crypto actors from a crypto tax reporting requirement built into the $1 trillion infrastructure bill.
The amendment failed after Senator Richard Shelby attempted to tack on $50 billion in military infrastructure spending to it.
If this kind of silliness seems familiar, it’s because something similar played out in that episode of The Simpsons where a comet is headed straight for Springfield: