1) Even more updates on the crypto amendments in the Senate infrastructure bill!
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2) The good news: after a large public outcry, the Warner/Portman amendment has modified its weirdest piece.
First, it removed the Proof of Work reference, instead excepting _all_ validation. Great!
It was then _further_ revised, to exclude both PoW and PoS, but not others.
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5) The people involved, as a collective, seem to be responding to reasonable forces, if not quickly enough.
Of course, there's always time for more twists!
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Bc @SenatorHagerty has objected, the Senate is debating for the full 30 hrs. This will end around 7pm Sun. After that votes begin on the full bill text, but it is still not clear if there will be a vote on the amendments. It's possible none of the #crypto amds will get a vote. twitter.com/SenatorHagerty…
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US =/= World.
If the US does something shitty to crypto, it's bad, sure, I am not going to downplay that.
But the international market is way bigger, and when sentiment has momentum in one direction it is difficult to change that.
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Let us put it this way! If US politicians don’t act sensibly enough here, it will be bad for crypto overall but it will be suicidal for US!
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It sucks to the US cut its own arm off cause of a hangnail. As a US citizen I will unfortunately relocate to where innovation is being embraced.
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