All of the major cryptocurrencies were trading higher in the morning on Friday, with Bitcoin trading 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 cents 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.
The package appeared on track for eventual Senate passage, a rare agreement between Republicans and Democrats. But senators hit new problems late Thursday as they worked on amendments late into the night. A procedural vote was scheduled for Saturday.
A trio of senators introduced an amendment to the bill on Wednesday that would rewrite part of a section, setting up reporting requirements for cryptocurrency transactions.
Cynthia Lummis, Pat Toomey and Ron Wyden started working on an amendment after pointing to unworkable and overly broad language that they say would implement broker reporting requirements on people who are not really brokers.
These people, like the Bitcoin Miners who confirm transactions in the system, would not even be capable of fulfilling the requirements in the bill, Toomey, R-Pa. said.
Banning mining firm Bitfarms monthly Bitcoin production have nearly doubled since the beginning of this year, averaging around 13 BTC per day, the report said.
Bitfarms now accounts for 1.5% of the global Bitcoin Hashrate and is the largest publicly traded miner in North America, the company said.