Some saw beneficial effects from the week’s legislative face-off. Still, “crypto and blockchain technology is at a significant moment.”
It was a topsy turvy week — “staggering,” a crypto veteran called it. One that saw United States Senator Ted Cruz and Senator Ron Wyden collaborate on behalf of the cryptocurrency and blockchain industry — albeit, in a lost cause. These events could eventually pave the way for future regulatory success, though it may not seem that way now.To recap: The Biden Administration’s $1.2 trillion infrastructure bill was supposed to be all about roads and bridges but as the Senate vote approached, it also became about cryptocurrency taxation. Thanks to a last-minute provision added to the bill, which some crypto advocates warned could have dire consequences, the changes could drive BTC miners out of the U.S. and thwart future blockchain development. “It will be a stunning loss for

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Źródło: https://cointelegraph.com/news/biden-s-infrastructure-bill-doesn-t-undermine-crypto-s-bridge-to-the-future