While many were focused on statements from SEC Chairman Gary Gensler and Treasury Secretary Janet Yellen, news came from the US over the recently-proposed bipartisan infrastructure bill
Basically, the crypto industry failed to get an amendment on the tax reporting rules, leaving the broad oversight language for virtual currencies intact in the legislation passed by the Senate earlier this week. These claims are expected to generate approximately $ 28 billion in revenue.
The change was supposed to remove new tax reporting requirements for crypto firms, as well as address concerns on the rule that requires organizations such as miners and software developers to report tax data to a tax office that they did not have access to.
But in the end, the efforts of crypto supporters were not enough, as Senator Richard Shelby filed an objection.
Interestingly, the hackers that stole more than $ 600 million on Tuesday in what is likely one of the largest cryptocurrency thefts in history returned nearly half of the money and promised that they will return the entire amount soon.
They niched the fund from the DeFi protocol known as PolyNetwork, which allows users to exchange tokens across multiple blockchains.
In a post, the unidentified hackers stated that they "just dumped all assets", adding "by hacking for good, I saved the project."
