Crypto space weighs in on proposed amendments to US infrastructure deal
Some are urging U.S.-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis and Toomey. With more than one amendment proposed to the U.S. infrastructure plan that would modify a provision on cryptocurrencies, some figures in the space are going against the one with White House support.Digital rights advocacy group Fight for the Future said today it would not support the amendment crafted by Senators Mark Warner, Rob Portman, and Kyrsten Sinema to address the issue of clarifying the language used concerning crypto in the bipartisan infrastructure....
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Certain members of Congress want assurances that Bitcoin miners and crypto software developers will not be subject to the newly proposed tax rules. Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space.As previously reported by Cointelegraph, an expanded crypto taxation regime was a last-minute addition to the $1-trillion infrastructure deal currently being debated in Congress. According to the proposed amendments, tighter rules on crypto reporting requirements could provide....
"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey. A compromise which proposed amending provisions in the bipartisan infrastructure deal on crypto failed to meet the requirements of a unanimous consent request in the Senate, making the bill likely to go to a full vote without additional changes.This afternoon, Senator Tom Carper, the Democratic floor manager for infrastructure bill HR 3684, put forth the compromise amendment agreed upon earlier today by Senators Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner,....
Bitcoin, for the safety of the user's financial transaction, will be in space in the near future - this was a proposed idea given by Jeff Garzik who is the core Bitcoin developer and founder of Dunvegan Space Systems. Up to this day, this has not been an idea or proposal any more. A recent business deal gives touches to take a step forward where there will be microsatellites, which will be Bitcoin-enabled. For the proposed BitSat program, Mr. Garzik has already signed a business deal with the Deep Space Industries, which implies that DSI will have to manufacture 24 nanosatellites for this....
The crypto community is rallying against an amendment to the U.S. infrastructure plan that would maintain strict reporting requirements for developers and validators while exempting miners. The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded taxation on crypto transactions and impose new reporting requirements for crypto “brokers.”On August 6, Senators Mark Warner and Rob Portman proposed a “last-minute amendment” to the infrastructure deal to....