There has been little discussion about crypto regulation in full sessions of Congress or the Senate, instead, most of the discussion has taken place on the House financial services committee or Senate banking, housing, and urban affairs committee. In August, however, the issue took center stage in Congress when the debate over the wording of the current infrastructure bill included tax reporting requirements for crypto developers, transaction validators, and node operators.

As of now, both chambers of Congress have passed the bill without making any further clarifications on crypto brokers, and President Biden has yet to sign it. The bill is expected to be signed by the U.S. president on Monday.