U.S. Cryptocurrency Tax Amendment Defeated, Cryptocurrency Rally Continues

Cryptocurrency advocates fear that without this adjustment, the provision will stifle innovation in the U.S. crypto industry and drive the business overseas.

Although, the U.S. cryptocurrency tax amendment was defeated, the cryptocurrency rally did not subside. As of writing, bitcoin is up 6% intraday, with the coin rising to $46,000, ethereum is up more than 6% to around $3,100, and litecoin is up a whopping 12% to $165.