5min chapter

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BCB022_JASON BRETT: Bitcoin Regulation and Legislation

Blue Collar Bitcoin

CHAPTER

The Crypto Infrastructure Barrel Bill Moved to the House

The crypto infrastructure bill went from the Senate to the house and people remember there was a movement by Senator Pat Toomey along with Senator Cynthia Lummis. The problem was the language that came out in the bill was not very good. There's been stuff the Treasury saying, well, we really only want to go after the exchanges. But because of the way it's written, you could argue that Bitcoin miners and validators in the US might be responsible for that. Now, it probably will pass on the house probably September 27 and then I'll go to Biden's office and become law.

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