We are witnessing the worst of #Washington … Senators’ arguing over unrelated issues, unwilling to focus on the benefit of America’s economic future and global leadership in innovation.
The bipartisan amendment put forward by Sens. Toomey, Warner, Portman, Sinema, and Lummis - with the backing of Treasury and White House - would bring much-needed clarity to a provision that has profound implications for the #blockchain industry.
Instead, the Senate appears poised to approve the base text, which is overly broad and could have unintended consequences. We urge the Senate, while there is still time in the 30-hour window, to come together and adopt the bipartisan negotiated amendment.
Failing this, the @DigitalChamber and its members will continue to explore any and all opportunities to ensure blockchain innovators have the certainty they need to operate in the U.S.
This unfortunate process has also highlighted the lack of understanding policymakers have for the emerging, fast-growing and crucial blockchain technology ecosystem.
We will continue our efforts to engage with all policymakers and their staff to expand understanding of the important role our members play in America’s technology and innovation economies.
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