Bipartisan plan to raise revenues from cryptocurrencies faces implementation obstacles

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Lawmakers predict that they can raise nearly $30 billion in revenue through collecting more taxes on cryptocurrency as part of a new bipartisan deal on infrastructure, but that estimate is getting pushback from analysts who say the plan is not as easily administered as it is drawn up on paper.

A bipartisan group of senators agreed to a $1.2 trillion infrastructure package on Wednesday after weeks of negotiations. A major sticking point among Republicans was that they wanted it to be paid for, so several financing streams were envisioned as part of its implementation, including on digital assets.

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