Caught up w/Toomey on crypto talks, some issues remain unresolved:
"Someone in the business of running a centralized exchange should be required to report transactions for their customers.. but we should not rope in people who are not actually running a centralized exchange"
— Joseph Zeballos-Roig (@josephzeballos) August 8, 2021
Sen. Warner has changed his amendment to protect consensus mechanisms beyond PoW. A small positive step, but not nearly good enough.
It's just unreal that this is how Congress wants to handle major crypto legislation. We need time to make smart decisions. This process is broken. https://t.co/NftUjfnqHI
— Jake Chervinsky (@jchervinsky) August 7, 2021
Given the major flaws in the underlying bill’s unworkable and devastating crypto provision, I also filed a separate amendment to strike the whole thing, in the event a bipartisan deal can’t be reached.
We have to act now to stop this.
— Ted Cruz (@tedcruz) August 7, 2021
4/ So, an amendment that strikes the crypto provision, which is scored to bring in ±$30 billion, is not something that would ever stand a chance of passing. To work on such a thing is a waste of time–as much as it would be my preferred option.
— Jerry Brito (@jerrybrito) August 7, 2021