Senate

Sen. Cynthia Lummis (R-Wyo.) discusses the compromise amendment to a contentious crypto provision in the $1 trillion infrastructure bill she presents on the Senate floor Monday afternoon. “What we tried to do with this amendment is to remove some of the unintended consequences of the definition of “broker,” Lummis said.

9 août 2021

Rep. Cynthia Lummis and other U.S. senators announced a compromise to the tax provision in the $1 trillion infrastructure bill Monday that would exempt crypto transaction validators from a broadened definition of “broker.” However, unless it receives unanimous consent before a final vote by Tuesday, the bill will likely be sent to the House as-is, without any amendments. "You need no senator to object to the adoption of this new language," host Naomi Brockwell said. "It's a very narrow path, and it's not clear whether this is going to be feasible."

9 août 2021

Juridique

Per essere approvato, il compromesso necessitava del consenso unanime, ovvero di nessuna obiezione.

Par Nikhilesh De9 août 2021

The U.S. Senate is moving forward with a final vote on the $1 trillion infrastructure bill this week, despite no outcome being decided for any of the proposed crypto-focused amendments. This includes the bill not offering clarity on the definition of "broker." CoinDesk's Nikhilesh De discusses why the bill is likely to proceed as-is and the worst possibilities if it does.

9 août 2021

FTX CEO Sam Bankman-Fried discusses why he doesn't think the proposed crypto provision will be amended in the Senate's $1 trillion infrastructure bill and its potential impact on the digital asset industry and the wider U.S. economy. "The way this is headed is that clarification on this is going to be sacrificed in order to get the bill moving forward," he said. Plus, his reading of bitcoin's "surprisingly bullish price movement" as it soared above $45K.

9 août 2021

Teddy Fusaro, the president of crypto asset manager Bitwise, discusses his analysis and outlook for bitcoin as it rallied above $45,000. Plus, his take on market reactions to the US infrastructure bill. "It doesn't look great for what the short-term results are going to be of the effect of this lobbying effort, but it's impossible to ignore that the cryptocurrency community now has a voice," Fusaro said.

9 août 2021

Juridique

Il Senato potrebbe ancora adottare un emendamento alla disposizione Cripto tramite consenso unanime, ma sarebbe necessario il consenso di tutti i senatori.

Par Nikhilesh De9 août 2021

Juridique

Una manciata di legislatori ha espresso il proprio sostegno all'emendamento Wyden/Toomey/Lummis alla disposizione Cripto .

Par Nikhilesh De7 août 2021

While Senators Ron Wyden (D-Ore.), Pat Toomey (R-Pa.), and Cynthia Lummis (R-Wyo.) are pushing for their amendment to the $1 trillion bipartisan infrastructure package, another camp of lawmakers -- Senators Mark Warner (D-Va.) and Rob Portman (R-Ohio) have also submitted a competing amendment. This comes as Congress has scheduled a pivotal vote for Saturday to finalize the bill. CoinDesk's Brad Keoun and Christie Harkin discuss the details of each amendment and what they could mean for the crypto industry.

6 août 2021

U.S. Treasury Secretary Janet Yellen has reportedly been lobbying against cryptocurrency legislation proposed by Sen. Ron Wyden (D-Ore.) and other senators. Meanwhile, the White House is supporting a competing amendment that excludes proof-of-work miners from the reporting provision.

6 août 2021