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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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3) Which is odd. What if something has multiple steps to its consensus mechanism, one of which is PoS? I guess they're worried about things which are only dubiously validating? Either way, it brings it closer to being a bit of a mess, and choosing favorites.

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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…

9:54 PM · Aug 7, 2021Twitter Web App

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The crypto part needs to be removed entirely. There is no way these non-tech savvy individuals have the information to begin to have a crypto conversation on a weekend, much less vote on crypto regulation.

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Or better, let US customers access the crypto trading options people in other countries get to use.

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When will

email users to ask for support? What is the rationale for not calling the troops to battle while we are at risk of losing the war?

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Sam call up Biden you can turn the tide buddy. You hooked him up

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DefiDiogenes(W,H)

@DefiDiogenesYFI

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More than one or that one PAC becomes a shelling point.

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Sam, your positive attitude is great, but we need calls to action, not light-hearted musings about potential twists. The Senate may do serious damage to the crypto industry in the United States out of sheer ignorance. People need to call their Senators.

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