| Cryptocurrency
Amendment Dies In US Senate Between Shelby
& Sanders Objections
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURT,
August 9 – The US Congress'
and Executive Branch's
dysfunction was on display on
August 9, when for example a
much discussed crypto-currency
provision in the
infrastructure bill seemed
subject to a bipartisan
amendment - which then failed.
Inner City
Press, which covers
crypto-currency and other
financial issues in the U.S.
District Court for the
Southern District of New York
as well as before DC agencies
and courts, live tweeted the
end-game, here:
Now in US
Senator, crypto-currency
speech by Sen Toomey, saying
he's agreed with Sen Warner
among others to clarify that
broker-like activities are
covered, but not validators,
node operators, or software
developers. Now Sen Lummis
joining in.
Now Sen Ted Cruz
says he expects to hear
objections to the amendment(s)
- that the original draft may
remain. Says it would be
better to take the whole thing
out and study it.
Quotes Bismarck:
“Laws are like sausages. It's
better not to see them being
made.”
Now Alabama
Sen Shelby objects - wants to
add in a defense provision.
Sen Bernie
Sanders says, that's to
increase military spending by
$50 billion. Now quotes "a
report by the UN." This while
UN censors Press: Today UN's
ban on Inner City Press &
letter to Antonio Guterres'
Melissa Fleming from law firm
Quinn Emanuel was raised to UN
Spokesperson Stephabe
Dujarric: "No change in
status." No answer including
by 12 UN Correspondents
Association board
members, story,
video
of Q&A.]
Sen Shelby: I object. Sen
Toomey: Because there's no
agreement on voting on Sen
Shelby's amendment, we're not
to take up our amendment. So
now a reporting requirement
imposed on "any person who
provides ANY service
effectuating transfer of
digital assets."
Sen Toomey:
We'll be back on this, after
we stifle innovation and new
apps. It's not good. I yield.
[Bismarck lives, in the US
Senate]
He's baaack - Sen
Portman engages in canned
colloquy with Sen Warner,
about how Treasury will
(might?) interpret their law,
since due to dysfunction they
can't bring to a vote any
amendment to it. Video here...
***
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