On the recordAugust 9, 2021
the Senator is entirely correct in his analysis of the application of the bill, and further, I believe, and Treasury has indicated, that this would also be true for individuals engaged in staking their digital assets for the purpose of validating distributed ledger transactions--proof of stake--which we know to be much more environmentally sustainable. It would also be true for other validation methods associated with other consensus mechanisms, some of which are just coming to market, while others are still in the developmental stage. People who solely act to validate transactions will not be treated as brokers for those validation activities.
