To Fix Dangerous Infrastructure Bill, Bitcoiners Must Engage
The language in the infrastructure bill is an example of why the Bitcoin community has to engage politically.Authored August 3, 2021In recent days, draft language in the proposed infrastructure bill raised a flurry of concerns for the Bitcoin community and the larger digital asset space. Congress proposed heightened reporting requirements for “brokers'' of digital assets. The current draft bill broadly defines “digital assets” as “any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology.” The bill further defines a....
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The Infrastructure Investment and Jobs Act was received with resistance from Bitcoiners, but still passed — when will the reckoning occur?
Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a vote of 228–206 on Friday. Bipartisan Infrastructure Bill Passes to the Tune of $1.2 Trillion The bipartisan infrastructure bill has been a hot topic in recent times and on Friday the bill passed in Congress and now awaits president Biden’s approval. The passing followed....
The U.S. Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has in it a portion that is designed to obliterate crypto. That would be a tragic mistake.” Senate Passes Infrastructure Bill With ‘Unworkable’ Crypto Tax Provision The U.S. Senate voted 69-30 to approve the $1.2 trillion bipartisan infrastructure bill Tuesday without a crypto amendment. Many people have raised concerns about the cryptocurrency provision....
This is simply the latest development that shows the lack of understanding amongst policy makers.
The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden’s desk to be signed […]