Political Quotes

“unfortunately, we just saw the Senator from Vermont object to a compromise solution negotiated by Senator Toomey and Senator Lummis that would have mitigated some of the harm from the devastating new regulations on cryptocurrency in this so-called infrastructure bill. Because the Senator from Vermont raised that objection, the status quo right now is that these new regulations are going into effect, and billions of dollars of value are going to be destroyed. Right now, today, about 106 million people are using cryptocurrencies around the world according to at least one recent report. The average annual income in the United States for a blockchain developer is $136,000. That represents a steady career of good income for someone to own a home, to raise a family, to live a good and comfortable life. Texas is helping lead the way. Texas has taken the lead this past year as a major hub for cryptocurrency businesses and is even being hailed as the ``cryptocurrency capital.'' But all of this is under threat. Regulatory uncertainty is the No. 1 barrier to blockchain adoption according to 48 percent of respondents in a recent report, and they are right to be worried. The current bill widens the definition of ``broker,'' those who would have to collect information on cryptocurrency consumers and report this information to the IRS.…”