News US Attempts to Fund $1 Trillion Infrastructure Bill With Crypto Regulations

[Admin]

New cryptocurrency rules proposed by U.S. lawmakers would reportedly help fund a $1 trillion infrastructure bill.

US Attempts to Fund $1 Trillion Infrastructure Bill With Crypto Regulations : Read more

 

[ThatMouse]

Are these laws targeting just the exchanges? That's the only way you'd know who owns the crypto is when it is exchanged to/from fiat.

 

[Integr8d]

Who wrote these provisions? B/c it wasn't a politician. Traditional banking lawyers?

 

[Pytheus]

Once again, Government looks for ways to steal from people to finance their overspending habits.

 

[Sippincider]

PR Spin: The perfect bipartisan bill! There's no catch!

Reality: There's a big catch...

 

[Blacksad999]

New cryptocurrency rules proposed by U.S. lawmakers would reportedly help fund a $1 trillion infrastructure bill.

US Attempts to Fund $1 Trillion Infrastructure Bill With Crypto Regulations : Read more

Yes, they'll make the exchanges require names and addresses of people. It will eliminate the anonymous nature of it all. It was going to happen eventually, as people making a bunch of money and dodging taxes wasn't going to last. It will also enable tracking of illicit practices like money laundering and funding terrorist organizations, to name a few.

 

[LolaGT]

These provisions drew criticism from the cryptocurrency industry

I'll bet it did. That free ride is almost over and they don't like it.

 

[zodiacfml]

They will simply move people to defi and foreign owned exchanges.

 

[daworstplaya]

About time. I would say it doesn't go far enough.

 

[JfromNucleon]

Watch this thread become highly controversial

 

[husker]

I mean, seriously, anyone with half a brain could see this coming. Switch to a foreign exchange if you like but it will probably have to be 3rd world to avoid some kind of taxation, so good luck with that.