The US crypto industry is going through a dynamic moment with the bill that seeks to impose discretionary taxes on digital currencies. In the midst of this conjuncture, the defenders of the environment related to cryptocurrencies consider the bill as an aggression and not as a form of regulation of the activity.
For their part, the senators of the North American nation were divided into two large groups, each one with proposed amendments for that project. One of the groups, led by Sen. Cynthia Lummis, proposes an amendment that is supported by the crypto community. On the other hand, there is the Warner amendment, which excludes developers under the PoW protocol from the weight, but leaves their peers of PoS-related projects in trouble.
This causes a stir within the crypto community, which is united facing the possible approval of the bill from Senator Warner. Likewise, in the group of defenders of the cryptocurrency industry, Texas Senator Ted Cruz stands out. He has repeatedly expressed his support for everything related to Bitcoin and cryptocurrencies.
Is the US crypto industry at a crossroads?
The moment a part of the American crypto industry was deemed under threat, the entire community launched the defense campaign. Important figures in favor of one or another form of operation of cryptocurrencies, maintain the pressure against the bill proposed by the White House.
These include billionaire entrepreneurs Michael Saylor of MicroStrategy, Elon Musk of Tesla and many others. In the political arena, the aforementioned senator for the state of Texas, Ted Cruz, stands out.
In a message on the social network Twitter, Cruz was in fático in the defense of cryptocurrencies and the technology attached to them. He called the proposal “terrible for cryptocurrencies.” He also added that the infrastructure agreement contains very dangerous provisions that would devastate innovation related to cryptocurrencies and Blockchain.
As reported by CryptoTrend, the ambitious infrastructure project of the administration of Joseph Biden, seeks to raise $ 1 billion dollars. Of this, some $ 28 billion would be extracted in taxes on the American crypto industry in the coming years.