Texas senator Ted Cruz is leading the fight against the Biden administration’s crypto-crackdown.
On Monday, Sen. Cruz introduced a bill aimed at reversing the regulations surrounding cryptocurrency in the Biden administration’s recently passed $1.2 trillion Infrastructure and Jobs Act.
As Bloomberg reports, the founding set of regulations for Biden’s Build Back Better agenda lays out new tax-reporting requirements for cryptocurrencies, which many fear would give government too much oversight of the huge digital currency market.
