Bipartisan Crypto Change in Senate Bill Would Raise $23 Billion

The bipartisan amendment to narrow the cryptocurrency surveillance provision in the Senate infrastructure bill would raise about $23 billion, according to two people familiar with the plan.

• The Joint Committee on Taxation estimates that the original, broader provision would raise $28 billion over a decade.
  • The approximately $5 billion difference would add to a growing gap between the revenue offsets and the bill’s total cost
• Sen. Rob Portman, who wrote the original provision, says he supports the amendment offered by Sens. Cynthia Lummis, Ron Wyden and Pat Toomey
• Earlier: Senators Pitch More Targeted Crypto Measure in Infrastructure

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