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1) Even more updates on the crypto amendments in the Senate infrastructure bill! Context:
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1) More last minute updates on the crypto tax bill! For context: twitter.com/SBF_FTX/status
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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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4) There also doesn't exist an exception for developers, who again don't know anything about the state of taxes of users of a decentralized blockchain. So it's a mess. But it's also progress, and evidence that in the drive towards compromise, something good is happening:
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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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