Thread by @josephzeballos

Dem Sens. Mark Warner and Ron Wyden just walked from Senate subway onto the floor having what looked like serious crypto discussions.

Both have dueling amendments on crypto tax enforcement

Overheard this from Wyden: “Revenue is very important to me”

Sen. Pat Toomey (GOP co-sponsor w/Cynthia Lummis + Wyden) indicates few signs of progress toward crypto compromise:

“I think we have an amendment that works,” he tells me

Most senators have left the chamber, but Warner + Portman and Toomey + Wyden are huddling w/staff on Senate floor

They don’t look mad at each other, so that’s probably signs of progress on crypto tax amendments

Spoke w/Wyden about ongoing crypto tax talks:

"I continue to feel very strongly I want to crack down on tax cheats and people associated with these centralized programs, crypto exchanges.. I just don't want to destroy the innovation that comes from a decentralized network"

Caught up w/Toomey on crypto talks, some issues remain unresolved:

"Someone in the business of running a centralized exchange should be required to report transactions for their customers.. but we should not rope in people who are not actually running a centralized exchange"

I’ve recapped everything about the crypto tax enforcement clash in here and how it’s upending the partisan politics that’s usually typical from Congress.

Big update is Sen. Jon Ossoff’s (D-Ga.) entry as potential mediator
businessinsider.com/inside-senates…