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A clash over tax rules for digital currencies like bitcoin turned into a political coming-of-age moment for the cryptocurrency industry, galvanizing a usually fractious coalition of investors, exchanges, financiers and social-media influencers.
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“The crypto community has really kind of come out as a powerful constituent,” Brian Armstrong, chief executive of cryptocurrency exchange Coinbase Global Inc., said on an earnings call last Tuesday. “They’re now actually becoming a vocal participant in the policy efforts around the U.S.”
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