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All of the major cryptocurrencies were trading higher Friday morning, with Bitcoin trading at nearly 5.4% higher.
Bitcoin was trading at $40,953 per coin, while Ethereum was up 3.47% to $2,775 per coin. In addition, XRP was up 1.98% to 73.5 cent per coin and Cardano was up 0.73% to $1.38, respectively, Coindesk reported.
In Washington, D.C., it was nearing decision time on the bipartisan infrastructure measure as senators were struggling to wrap up work on the despite hopes to expedite consideration and voting on the nearly $1 trillion proposal.
SENATORS AIM TO CLARIFY CRYPTOCURRENCY REPORTING REQUIREMENTS WITH AMENDMENT TO INFRASTRUCTURE BILL
The package had appeared on track for eventual Senate passage, a rare accord between Republicans and Democrats. But senators hit new problems late Thursday as they worked late into the night on amendments. A procedural vote was set for Saturday.
A trio of senators on Wednesday introduced an amendment to the bill that would rewrite part of a section, setting up reporting requirements for cryptocurrency transactions.