Crypto Industry Still Angry At Part of U.S. Senate Infrastructure Bill Increasing IRS Reporting Requirements Share Imitations of physical Bitcoin tokens and currency, photo taken in Istanbul. (Photo: Ozan Kose / AFP, Getty Images) The cryptocurrency lobby won some major concessions in the $US1 ($1.4) trillion U.S. infrastructure bill just approved on a bipartisan basis in the Senate, the New York Times reported on Monday, but are still pressing for more. The Senate agreement doesn’t change much about how cryptocurrency will be taxed moving forward, but provisions that would kick in several years from now would make it harder for crypto investors to dodge taxes by expanding reporting requirements. This would raise an estimated $US28 ($38) billion over a decade, all of which would be owed to the U.S. government regardless of whether a bill is passed. Industry groups say there are built-in technical barriers to full transparency — that legislators don’t understand, or don’t care, how anonymity is baked into the crypto market. And while lobbyists have generally agreed the industry will tolerate more regulatory oversight, the anonymity and potential to shield profits from the feds are part of the appeal of cryptocurrency in some quarters in the first place.