Infrastructure Investment Jobs Act

Definition ∞ The Infrastructure Investment Jobs Act is a landmark United States federal law enacted to modernize the nation’s infrastructure. While primarily focused on traditional infrastructure, it includes provisions that significantly impact the digital assets sector. Notably, it expanded the definition of “broker” for tax reporting purposes to include certain entities involved with digital asset transfers. This legislation represents a substantial governmental action affecting cryptocurrency operations.
Context ∞ The Infrastructure Investment Jobs Act has generated considerable discussion within the cryptocurrency community due to its digital asset tax reporting provisions. The specific interpretation and implementation of these provisions continue to be a subject of debate and regulatory guidance. Its effects on market participants and compliance requirements are closely observed.