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- Members of Congress should be aware that we will be monitoring them and that we will not allow them to hide their stance on this issue
- Fight for the Future, a digital rights advocacy group has publicly chastised Alabama lawmaker Richard Shelby
- Fight for the Future has placed a billboard in Birmingham using cryptocurrency donations
They want members of Congress to know that they will be watched and that they will not be able to hide their stance on this issue, according to Evan Greer. Fight for the Future, a digital rights advocacy group has publicly chastised Alabama lawmaker Richard Shelby for blocking an amendment defining the position of cryptocurrency in the next infrastructure bill in the US Senate.
Lawmakers have urged not to support legalization
Fight for the Future has utilized bitcoin donations to put up a billboard in Birmingham, Alabama, urging lawmakers not to support legislation that will harm crypto and blockchain companies. Since 1987, Shelby has been one of two senators from Alabama, and he objected to the introduction of a crypto amendment to the Senate’s infrastructure bill, HR 3684.
According to sources, Fight for the Future director Evan Greer said, Senator Shelby’s constituents deserve to know that he derailed the [crypto] amendment merely to tickle his own ego and seek more money for war. They aim to show elected leaders that ignorance of subjects like decentralized technology and bitcoin is not acceptable.
Currently, the infrastructure bill imposes stricter regulations on enterprises that deal in cryptocurrencies, tightens broker reporting requirements, and requires that digital asset transactions worth more than $10,000 be disclosed to the IRS. Several senators collaborated on a proposal to omit software developers, transaction validators, and node operators from the definition of brokers while suggesting that tax reporting obligations only apply to the intermediaries.
Senate members canceled Shelby’s amendment
Shelby’s amendment, which would have added $50 billion in defense spending to the roughly $1 trillion in funding for roads, bridges, and key infrastructure projects, was not allowed to be included in the package by Senate members. Later, the Alabama senator stated that he backed the crypto amendment but that defense spending came first.
The infrastructure package now heads to the House of Representatives, where MPs passed a nonbinding resolution calling for a vote on the plan by September 27. Several House members have already stated their support for amending the bill’s crypto provisions, but Representative Brad Sherman, according to Fight for the Future, is one of the few voices opposed to such an amendment — the lawmaker has previously called for a complete ban on cryptocurrencies in the US.
Greer continued, The House of Representatives will have a number of opportunities in the coming months to amend the flawed crypto clause that was contained in the infrastructure bill. We want members of Congress to know that we will be monitoring them and that we will not allow them to hide their views on this issue.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
