Yes or Node? Here’s How the U.S. Infrastructure Bill Might (Not?) Kill The Most Invisible Yet Crucial Part of Crypto Infrastructure

Company

GETBLOCK

August 17, 2021

4 min read

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GetBlock invites you to reflect on the effects the infamous bill might have on node operators

$28 billion is to be raised from the crypto segment

On Tuesday, Aug.10, 2021, The Senate passed the $1 trillion infrastructure bill (HR 3684). This massive post-pandemic spending program includes numerous proposals to build roads, bridges with a particular focus on clean energy and carbon neutrality.

To fuel mentioned programs, some new taxation initiatives were proposed. $28 billion (2.8 per cent) out of this monstrous $1 trillion pack will be covered by the taxation of crypto transactions.

Pro-crypto and anti-crypto groups of senators proposed different amendments to the bill as #DontKillCrypto campaign went viral in all social media channels. The Americans were calling their senators forcing them to vote for a more or less ‘forgiving’ version of the bill.

This campaign was supported by pro-Bitcoin celebrities including Twitter founder Jack Dorsey.

Company

GETBLOCK

August 17, 2021

4 min read

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