Latest Article One nail in the coffin: Infrastructure bill goes to vote without crypto amendments

Latest Article One nail in the coffin: Infrastructure bill goes to vote without crypto amendments

87-year old Alabama Senator Richard Shelby tanks near unanimous crypto tax clarifying bipartisan amendment Last night, as a tumultuous evening for the crypto industry played out across the Senate floor, all eyes were on one thing, the make-or-break amendment put forward by a bipartisan coalition of leading Senators to avoid a calamitous crypto tax – but it was not to be, lone gun Senator Richard Shelby shot the amendment down. The Lummis-Portman-Sinema-Toomey Amendment was a surprise last ditch effort that sought to bring together key figures from across the Senate in a compromise between two shot-down rival amendments; both aimed at clarifying the brokerage tax attack on crypto miners, validators, and wallet providers. Whilst the coalition of compromise offered the promise of hope; the odds were stacked against it. It needed unanimous support (from all 100 senators + Vice-President Kamala Harris) in order to pass into modifying the controversial infrastructure bill. The new infrastructure bill has become the battleground for the debate over cryptocurrency regulation, but with cross-house compromise appearing like sunlight on the horizon – hopes were high. The bipartisan amendment vote came to tally and the results came in: 99 – 1. Never before in the field of crypto regulatory conflict has so much damage been caused by one man. This man’s name is Senator Richard Shelby. The soon-to-retire, 87-year old Senator from Birmingham, Alabama stubbornly shot down the bill, refusing to vote in support of the cross the floor effort, after his own amendment – a […]

Click here to view original web page at Latest Article One nail in the coffin: Infrastructure bill goes to vote without crypto amendments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.