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Saturday, July 2, 2022
JockerCryptoNews
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    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

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    OpenSea Tightens Security To Prevent NFT Scams And Fraud

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    Mfers NFT Prices Slump After Creator Pulls A Satoshi Nakamoto

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    English Premier League Plans To Issue NFTs, Filing Shows

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    Will Apple Unveil NFT Trading Cards In Next Week’s Developer Event?

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    ApeCoin Community Chooses Ethereum Over Avalanche, Here’s Why

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    Former OpenSea Executive Charged With NFT Insider Trading

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    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

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    Where Do They Come From and Where Are They Going?

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    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

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    The Sandbox — LAND Smart Contract Migration

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    The Go-To Marketplace For All Things Metaverse

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    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

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    Here’s how to keep your data, devices safe

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    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

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    Best Ways to Make Money with Bitcoin in 2021

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    How to Instantly Exchange Cryptocurrency on Changelly

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    What Is the Best Cryptocurrency to Mine?

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    How to Create Your Own Cryptocurrency

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    Benefits of Cryptocurrency

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    How to Start Trading Cryptocurrency

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    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

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    Luna crash sends a chill through decentralised finance market

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    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    Bored Ape Airdrop Exploited To Steal $1.5 Mln in Apecoin

    NFT Market Takes Huge Hit, Bored Ape NFT Prices Crash 25% In A Day

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    Mfers NFT Prices Slump After Creator Pulls A Satoshi Nakamoto

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    English Premier League Plans To Issue NFTs, Filing Shows

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    Will Apple Unveil NFT Trading Cards In Next Week’s Developer Event?

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    ApeCoin Community Chooses Ethereum Over Avalanche, Here’s Why

    Former OpenSea Executive Charged With NFT Insider Trading

    Former OpenSea Executive Charged With NFT Insider Trading

  • Metaverse
    The Sandbox — LAND Smart Contract Migration

    Introducing mSAND-MATIC staking at The Sandbox

    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

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    Where Do They Come From and Where Are They Going?

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    The Sandbox — LAND Smart Contract Migration

    The Sandbox — LAND Smart Contract Migration

    The Go-To Marketplace For All Things Metaverse

    The Go-To Marketplace For All Things Metaverse

    The Web 3 LAND Sale

    The Web 3 LAND Sale

    As Otherside Land Value Drops, Yuga Labs Faces Giant Tax Obligation

    As Otherside Land Value Drops, Yuga Labs Faces Giant Tax Obligation

    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

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    Here’s how to keep your data, devices safe

    Here’s how to keep your data, devices safe

    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    The Evolution of Digital Assets Securities

    The Evolution of Digital Assets Securities

    Web3 Delight Lagos – Breaking barriers to pave the way for the digital future

    Web3 Delight Lagos – Breaking barriers to pave the way for the digital future

    21st-Century Inventions with the Biggest Impact

    21st-Century Inventions with the Biggest Impact

    Matrixport’s Cactus Custody™ Launches Institutional Custody Service for Non-Fungible Tokens (NFTs)

    Matrixport’s Cactus Custody™ Launches Institutional Custody Service for Non-Fungible Tokens (NFTs)

    Société Générale Now Offers A Range Of Capital Market Products Utilizing Tezos And Leveraging METACO’s Harmonize Solution

    Société Générale Now Offers A Range Of Capital Market Products Utilizing Tezos And Leveraging METACO’s Harmonize Solution

    INX and SICPA Sign an MOU to Establish a Joint Venture to Develop An Innovative CBDC Ecosystem To Support Monetary Sovereignty

    INX and SICPA Sign an MOU to Establish a Joint Venture to Develop An Innovative CBDC Ecosystem To Support Monetary Sovereignty

    Third-Party Organizations Provide Real-Time Ups

    Third-Party Organizations Provide Real-Time Ups

  • Learn
    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

    Best Ways to Make Money with Bitcoin in 2021

    Best Ways to Make Money with Bitcoin in 2021

    How to Instantly Exchange Cryptocurrency on Changelly

    How to Instantly Exchange Cryptocurrency on Changelly

    What Is the Best Cryptocurrency to Mine?

    What Is the Best Cryptocurrency to Mine?

    How to Create Your Own Cryptocurrency

    How to Create Your Own Cryptocurrency

    Benefits of Cryptocurrency

    Benefits of Cryptocurrency

    How to Start Trading Cryptocurrency

    How to Start Trading Cryptocurrency

    EtherLite (ETL) Cryptocurrency Price Prediction

    EtherLite (ETL) Cryptocurrency Price Prediction

    How to Trade Bitcoin Futures

    How to Trade Bitcoin Futures

  • Analysis
    Ethereum Remains Attractive, What Could Trigger More Upsides

    Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100

    Bitcoin Resumes Rally, Why BTC Could Accelerate Above $40K

    Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

    Should You Play Axie Infinity: Origin?

    Should You Play Axie Infinity: Origin?

    Bitcoin Turns Vulnerable, Why BTC Could Soon Test $30K

    Bitcoin Prints Bearish Pattern, Why BTC Could Drop To $42K

    Bitcoin Corrects Lower, Why This Indicator Holds The Key

    Bitcoin Tops Near $47K, Why The Bulls Must Defend $45K

    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

    Kraken, Another Giant Exchange Integrates The Lightning Network

    Kraken, Another Giant Exchange Integrates The Lightning Network

    Why CEOs See Bullish Signs

    Why CEOs See Bullish Signs

    Alpha Venture DAO Transforms Web3 Project Incubation Through Community Focus

    Alpha Venture DAO Transforms Web3 Project Incubation Through Community Focus

  • Blockchain
    Money Clinic Podcast: Surviving the ‘Crypto Crash’

    Money Clinic Podcast: Surviving the ‘Crypto Crash’

    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

    DeFi’s promise of democratising finance remains a distant reality

    DeFi’s promise of democratising finance remains a distant reality

    Blockchain.com Plans to Provide an NFT Domain Name to 83 Million Wallet Users – Blockchain Bitcoin News

    The crypto plan to save our souls

    The crypto plan to save our souls

    Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

    Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

    CBDCs now hold wholesale appeal for central bankers

    CBDCs now hold wholesale appeal for central bankers

    Luna crash sends a chill through decentralised finance market

    Luna crash sends a chill through decentralised finance market

    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

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Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community

August 9, 2021
in Blockchain
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Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community
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Last week saw a great amount of vocal power from the digital currency ecosystem per the controversy that rocked the Infrastructure Bill and how it affects the crypto community. The bill is primarily an effort by the Biden Administration to rebuild the country’s weakening infrastructural facilities, and the plan is to use taxpayer’s money.

The original bill wants crypto brokers with the wide inclusion of Proof-of-Work (PoW) miners and other stakeholders to report crypto transactions. Individual crypto users are also required to do the same for transactions of $10,000 and above. These propositions have been tagged as a license to choke the crypto ecosystem. Complying with these regulations for established exchanges like Coinbase and Kraken is easy. However, the community posits that miners do not even know the customers they validate transactions for. Filing any tax report will not just be unrealistic. It will be impossible.

Lawmakers have had two different amendments to the bill, with the Wyden/Toomey/Lummis proposal more geared to the broader community’s interests. However, this amendment is opposed by key government figures, including Treasury Sec Janet Yellen and some White House officials. According to Senator Cynthia Lummis, the stalemate amongst the Senators is fueling a move by Majority Leader Chuck Schumer to prevent the 30-hour rule.

Under the provisions of the rules explained by Sen Lummis, lawmakers have to debate a proposal for 30 hours before voting on it. Sen Schummer wants a hasty vote on Tuesday as the deliberations have not exceeded the stipulated time frame.

“Right now, we need an agreement on allowing amendments, which is being held up because of conflict between senators over the 30-hour rule, which allows the Senate to consider/read/review a bill for up to 30 hours before voting on it,” she wrote on Twitter, “Some senators want to keep focusing on the infrastructure bill for 30 hours to raise awareness about its price tag. Senator Schumer wants to quickly vote to focus on other legislation and won’t allow amendment votes unless that happens.”

Both the amendments from the Wyden led group, and the Portman led group are under threat. Per Senator Lummis submission, a vote on any amendments, with major emphasis on the Wyden option, would make the digital currency community pleased with the outcome.

Image source: Wiki



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Tags: AmendmentsassetBillCommunityDigitalInfrastructureLummisSenatorVotingWin
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