Thread by @HenryElderBTC

1/ My letter to #California Senators @SenFeinstein @AlexPadilla4CA regarding the #Infrastructurebill's damaging effect on #crypto #innovation. Short thread below

https://twitter.com/_/status/1421150370726830082

2/ Dear Senator - I'm writing to urge you to reject the Bipartisan Infrastructure Bill, pending removal/adjustment of the language in the section "Enhancement of Information Reporting for Brokers and Digital Assets".

3/ The overly broad definitions applied within that section to "brokers" and "digital assets" will have a chilling effect on innovation in the digital asset industry.

4/ While the incredible accomplishments in this field have not yet been fully understood or appreciated by many in Congress, we are striving to build the next-generation digital infrastructure for the world.

5/ Once again, the future of technology is being built here in the United States, often in California, where it can be influenced by our open markets and democratic values. Please do not cede our influence on the future by allowing this poorly-designed legislation to pass.

6/ Improving today's infrastructure is important, but not at the expense of tomorrow's.

Thank you,
Henry Elder

@EtherAims here's the full text