The Infrastructure Act ( Infrastructure Bill ) of the United States was approved by the Senate this morning, August 10, 2021, not including the amendment that requested to make corrections to the terms that came into conflict with the Bitcoin industry and ecosystem.
As we reported in CriptoNoticias, yesterday several senators were adhered to the amendment proposed by Sen. Cynthia Lummis and others, which requested to correct the use of the terminology of broker or broker so that it did not refer to miners, nodes, developers and sellers of Bitcoin wallets and the rest of the operators of the cryptocurrency sector.
Considering miners would imply that the mentioned actors must pay taxes and declare earnings for being considered transmitters of value exchanges. The aforementioned congressmen do agree to refer to cryptocurrency exchanges as brokers .
However, the amendment regarding cryptocurrencies was ignored and the Infrastructure Law HR-3684 was approved around 11 AM (UTC) today by 69 votes in favor and 30 against, in a mixed way between senators from the Republican Party and the Democratic Party.
Thus, the Senate expressed its support for the infrastructure budget promoted and proposed by the Joe government Biden, estimated at a total of USD 1.2 trillion to invest in the United States over the next few years.
The New York Times also indicates that the Infrastructure Law passes to the House of Representatives, higher legislative body that will finally define its approval. Legally, there are several stages to go through until it becomes current Law, and where other instances can be filed.
For example, Representative Nancy Pelosi stated that she would not approve this Law until it is approved Another Law that expands the budget by USD 3.5 billion more, which is expected to be presented in October.
This other law is also promoted by the Democratic Party, mainly. For now, the Senators will take time until mid-September to work on it.
“Do not Let’s try to regulate something we don’t understand »
Senator Ted Cruz offered statements regarding the omission of the amendments relating to cryptocurrencies in the Infrastructure Law, after its approval, pointing out various aspects of the growth of the crypto industry. cryptocurrencies.
