{"id":7413,"date":"2021-08-09T07:04:54","date_gmt":"2021-08-09T06:04:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7413"},"modified":"2021-08-09T07:05:08","modified_gmt":"2021-08-09T06:05:08","slug":"crypto-just-got-screwed-sen-ted-cruz","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-just-got-screwed-sen-ted-cruz\/","title":{"rendered":"Crypto Just \u201cGot Screwed\u201d – Sen. Ted Cruz"},"content":{"rendered":"\n
The amendments to crypto in the US Infrastructure bill<\/a> has been an issue of concern lately, according to Sen. Ted Cruz, the US Senate has given a ‘NO vote' to some of the suggested amendments.<\/h5>\n\n\n\n
\"Crypto<\/figure><\/div>\n\n\n\n

After opposing any additional modifications to the infrastructure bill, U.S. Senate Majority Leader Chuck Schumer has earned the wrath of the Bitcoin community\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Sen. Ted Cruz (R-TX) argues that the cryptocurrency business has been “screwed,” and that continuing with the bill's original text might “inflict billions of dollars of damage” on the budding industry.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

While talks appear to be ongoing, Jerry Brito, executive director of the Coin Center<\/a>, believes there is only a \u201csmall chance\u201d that the bill's restricted language will be altered.<\/p>\n\n\n\n

According to U.Today, the $1 trillion federal infrastructure plan has been blocked due to a measure that would impose severe reporting requirements on all crypto dealers.<\/p>\n\n\n\n

Senators Patrick Toomey (R-PA), Ron Wyden (D-OR), and Cynthia Lummis (R-WY) have submitted several competing changes to safeguard the industry, with Senator Patrick Toomey's (R-PA), Ron Wyden's (D-OR), and Cynthia Lummis' (R-WY) rewrite being by far the most popular.<\/p>\n\n\n\n

Sen. Rob Portman (R-OH), the author of the contentious tax measure<\/a>, stated that miners, stakers, software and hardware developers, and validators will not be affected.<\/p>\n\n\n\n

Lummis alleges in a lengthy Twitter thread that the Senate will reassemble in order to persuade Schumer to reconsider the favourable bitcoin amendment.<\/p>\n\n\n\n

The crypto-friendly senators, on the other hand, may simply not have enough time, as the amendment must be voted on by early Tuesday morning.<\/p>\n","protected":false},"excerpt":{"rendered":"

The amendments to crypto in the US Infrastructure bill has been an issue of concern lately, according to Sen. Ted Cruz, the US Senate has given a ‘NO vote’ to some of the suggested amendments. After opposing any additional modifications to the infrastructure bill, U.S. Senate Majority Leader Chuck Schumer has earned the wrath of […]<\/p>\n","protected":false},"author":12,"featured_media":7418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[132,2042,2043],"class_list":["post-7413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-crypto","tag-screwed","tag-sen-ted-cruz"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Crypto-Just-Got-Screwed-Sen-Ted-Cruz.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7413"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7418"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}