3/ This is the government trying to pick winners and losers in a nascent industry today, where some new technology is being developed every month. They are guaranteed to get it wrong, by writing in a few exceptions by hand today.
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4/ Imagine if the government decided that iOS is OK but Android isn’t. And that software developers building on iOS can thrive, but Android is outlawed.
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5/ Our Senators are voting tomorrow on the future of innovation in finance and crypto in America. If they choose the Sen. amendment, we will see future development of blockchain technology move offshore to countries like China that are currently embracing it.
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6/ Crypto is still in its early stages. Innovators across this country are working to make crypto networks better, enabling new apps like NFTs, smart contracts, and DeFi. These will bring enormous benefits to Americans, and help ensure our place as a financial hub.
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7/ If the U.S. fails to embrace the innovation happening in crypto, it risks becoming a financial backwater, missing out on one of the fastest growing sectors of the economy. Imagine if we had missed out on the internet, and the largest internet companies had been built overseas.
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8/ This debate in the Senate started because the govt sees the growing crypto industry as a source of tax revenue. We agree everyone must pay their taxes. There is no debate on this topic. But destroying some of the most exciting innovations in the process is unconscionable.
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9/ History will not be kind to any politician who tries to block American's access to new technologies. Americans have a very low tolerance for taking away our rights, and harming economic growth.
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10/ Contact your Senators and urge them to vote for the Wyden-Lummis-Toomey amendment and vote NO on the Warner-Portman amendment. Let’s keep crypto alive and thriving, we’re just getting started. p2a.co/y19AJ6V
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Great of you to make a statement about your individual views but what about leveraging your company to spread awareness of this and call users to action? When will tweet and email a direct, urgent CTA? Please join us in this fight. One person tweeting is not enough.
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Is using the corporation's influence over its customers to control senate bills legal?
I don't know I am asking
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Yes, it is.
I prefer the Ted Cruz amendment. It strikes the original out all together. Lummis is an advocate. But it’s better to just rid of it all together. Status quo works.
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Yup, on Wednesday.
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