Ethereum was making strong gains early Thursday morning, while Bitcoin was trading slightly higher, reports said.

Ethereum coins were trading at $2,634, up more than 6.6% per token, while Bitcoin was trading at $38,480, up a modest 1.94%, respectively, Coindesk reported.

Rival Dogecoin was trading near 20 cents per coin – up 1.5% —  and XRP was at 71 cents, or 2.5% per coin, the report said.

SENATORS AIM TO CLARIFY CRYPTOCURRENCY REPORTING REQUIREMENTS WITH AMENDMENT TO INFRASTRUCTURE BILL

In other cryptocurrency news, a trio of U.S. senators on Wednesday introduced an amendment to the bipartisan infrastructure bill that would rewrite part of a section, setting up reporting requirements for cryptocurrency transactions.

Sens. Cynthia Lummis, Pat Toomey and Ron Wyden started working on an amendment after pointing to “unworkable” and “overly broad” language which they say would implement “broker” reporting requirements on people who are not really brokers.

Both Ethereum and Bitcoin were up early Thursday. (iStock)

These people, like the bitcoin miners who confirm transactions in the system, would not even be capable of satisfying the requirements in the bill, Toomey, R-Pa., said. 

“Digital assets are here to stay. While much more work
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