Elon Musk lends voice to proposed infrastructure bill, says there is no need for “hasty” regulations By BTC Peers

Elon Musk lends voice to proposed infrastructure bill, says there is no need for “hasty” regulations


Elon Musk lends voice to proposed infrastructure bill, says there is no need for “hasty” regulations

Ahead of the crucial vote on digital asset taxation from U.S. Congress, prominent members of the crypto ranks have continued to kick against the bill, with the latest being Tesla’s Elon Musk.

In a Friday tweet, Elon said that the crypto industry is not facing any crisis to warrant “hasty” regulations.

As reported by BTC PEERS, the controversial bill seeks to generate $28 billion from taxing crypto brokers. The yet-to-be-passed bill has faced a lot of backlash from the crypto community. Pro-crypto lawmakers, including Senators Cynthia Lummis, Ron Wyden, and Pat Toomey, proposed an amendment with significantly less harsh rules. The move was quickly blocked by a “last-minute amendment” from Senators Mark Warner and Rob Portman, who propose to exclude only proof of work miners and sellers of wallets from the scope of a “broker.”

Interestingly, the Biden Administration has reportedly supported the amendment from Warner and Portman.

In response, several prominent players of the crypto community have lent their voice to the struggle. Anthony Pompliano, for instance, urged people to “call your Senators” and “tell them you want innovation and economic prosperity to stay in the United States.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link


Leave a Reply

Your email address will not be published.