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2021-08-08
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Cryptocurrency industry's D.C. lobbying efforts appear to have failed
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Some interpreted it as nothing less than a potential kill switch for much of the cryptocurrency industry in the U.S., and the first step towards a de facto ban of Bitcoin (BTC-USD).</p>\n<p>An intense lobbying effort appeared to have garnered support for an amendment to the bill that would have softened that language, but that pretty much blew up last night. Led by Janet Yellen,reports the<i><a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a></i>, the Biden Administration has thrown its weight behind another amendment that does little to limit any regulatory push against crypto.</p>\n<p>Former Coinbase(NASDAQ:COIN)Chief Technology Officer Balaji Srinivasan: \"Make no mistake, this is a backdoor Bitcoin ban ... Compliance is impossible. Their intent is to criminalize full nodes, lightning nodes, and most Bitcoin wallets.\"</p>\n<p>Messari Crypto yesterday announced a $21M funding round, led by Stevie Cohen's Point72.<a href=\"https://laohu8.com/S/00418\">Founder</a> Ryan Selkis: \"Step 1: Ban PoS under the guise of 'tax compliance' ... Step 2: Ban PoW under the guise of 'environmental compliance' ... Clever, likely effective. Back to wartime unfortunately. These people make me sick. I’m going to bed.\"</p>\n<p>Bitcoin this morning is modestly higher at $40.7K. Ether (ETH-USD) is up a bit as well at $2,767.</p>\n<p>Yesterday, Coinbase founderBrian Armstrong shared his thoughts.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cryptocurrency industry's D.C. lobbying efforts appear to have failed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCryptocurrency industry's D.C. lobbying efforts appear to have failed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 21:18 GMT+8 <a href=https://seekingalpha.com/news/3726990-cryptocurrencys-dc-lobbying-efforts-appear-to-have-failed><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The big news this week in cryptowas the insertion of harsh regulatory language in the infrastructure bill. Some interpreted it as nothing less than a potential kill switch for much of the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3726990-cryptocurrencys-dc-lobbying-efforts-appear-to-have-failed\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://seekingalpha.com/news/3726990-cryptocurrencys-dc-lobbying-efforts-appear-to-have-failed","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1112056338","content_text":"The big news this week in cryptowas the insertion of harsh regulatory language in the infrastructure bill. 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Step 2: Ban PoW under the guise of 'environmental compliance' ... Clever, likely effective. Back to wartime unfortunately. These people make me sick. I’m going to bed.\"\nBitcoin this morning is modestly higher at $40.7K. Ether (ETH-USD) is up a bit as well at $2,767.\nYesterday, Coinbase founderBrian Armstrong shared his thoughts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":486,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/891227124"}
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