A massive infrastructure bill has been working its way through the US Capitol over the past few months, and looks like it's likely going to pass soon. There are many provisions included in the bill, but at least a few of them will affect the cryptocurrency industry in the United States.
On one hand, the fact that the U.S. government is taking steps to increase regulation means that crypto is here to stay and that the government will not be taking steps to ban it. On the other hand, the bill, as well as further action by the government, will close a lot of loopholes and increase the importance and strictness of reporting your crypto.
Luckily, with this increased importance of accurate reporting of your crypto, Ledgible is here to help! You trust our platform to help you accurately report all of your crypto gains and losses. With Business Accounting, Consumer Tax, and Tax Professional, try out Ledgible today to see how we can help you prepare for the incoming infrastructure bill, or whatever else you need help with in crypto reporting.
Read more about the implications of the bill on cryptocurrency here.
For more information on the current landscape of crypto tax, accounting, and audit technology, head on over to our blog page or click here to give Ledgible Tax a free trial. Our blog features a wide array of articles and news stories related to what's new and important in the cryptocurrency industry as well as accounting, and often tying the two fields together. Ledgible Tax software will provide you with all the tools you need in order to do all of your necessary crypto accounting.
Have a suggestion for how we can help make your Ledgible experience better? Send us a note here.