Sorry to bother you Task but could you please explain the anticipated impact of the proposed infrastructure bill. Is it good or bad in general?
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Sorry to bother you Task but could you please explain the anticipated impact of the proposed infrastructure bill. Is it good or bad in general?
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Basically there are a couple of amendments that are perhaps going to be added to the bill.
What people fear is that they will make node operators be treated the same as exchanges i.e. Pos and miners.
This would mean they would have to get KYC and track who money is being sent to and from under the AML.
Plus there are a host of tax requirements also being attached.
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I have read a couple of posts on Facebook about some amendments related to crypto but I thought they were rumors. Also, this is an 'infrastructure' bill so the name is a bit misleading.
I hope they reconsider those amendments and make changes that would help the space to grow. Don't add more burden, please.
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When it comes to Washington, DC, nothing is as it seems. Whatever a bill is named before it gets signed into law, the bill is anything except what the name implies.
If the people there insist on KYC for everything we do, we should insist on KYG on everything they do-- Know Your Government.
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Here are a few good opinion pieces on the bill that I think are worth sharing:
The Plot Against Crypto
The US Senate Goes to War Over Crypto Taxation
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Well here is what Old man Eddie Monster look-alike Senator Ted Cruz (Republican-Texas) thinks about the bill.
Hell, let's let the bridges fall down and sink holes continue around the USA. That will be a big help for people trying to get to work (sarcasm all mine).
Then again; Senator Cruz did say roads and bridges only made up about 1/86th of the bill's total cost.
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He gets points for quoting Admiral Ackbar, though.
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I am no fan of any political caucuses, but I have a particular disdain for Tea Party Republicans. Especially Teddy (the Canadian) Cruz.
@sgt-dan (aka @leopuma) is a non-party-affiliated American citizen who champions policy not politicians
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Funny, I just posted an article on this this morning.
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Thanks for the article, Kevin. Just went through it and now I understand how this bill is now very important for the crypto industry in the US.
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