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The Senate has closed debate on Infrastructure Bill procedurally without listening to the Crypto community. There are pro-crypto Amendments, but the only way they are heard is if EVERY SENATOR votes to allow this. TODAY IS THE DAY TO CALL YOUR SENATOR

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by COINS NEWS 188 Views

On Sunday, The Senate decided to move proceedings on the Infrastructure Bill and wind up debate on the bill. The final vote on the bill is expected late night today (Monday 9th August 2021), to pass the bill in the Senate.

There are pro-crypto Amendments including the Wyden-Lummis Amendment that seeks to legislatively exclude miners. validators, developers etc from being classified as brokers. There is also the Ted Cruz Amendment that seeks to entirely exclude all crypto provisions from the Infrastructure Bill. However, the White House and Treasury are moving behind the scenes to push through the provisions of the original bill with respect to the Crypto with just the Portman-Warner Amendment that just excludes proof of work miners from being classified as brokers.

Now, ** THE IMPORTANT PART**

The Senate is expected to go in for a final vote on Monday, late into the night. Throughout the whole day, there would be debate on the entire Infrastructure Bill and it is expected that someone from the “crypto camp” (either Wyden or Lummis or Toomey or Cruz) will bring up a “Unanimous Consent” vote to allow discussion and pass their pro-crypto Amendment.

The only way this works is if the entire Senate allows this. I.e. if even ONE Senator objects citing any issue whatsoever, the entire process to have a pro-crypto debate and amendment FALLS THROUGH. It will collapse.

Every Senator must unanimously allow the vote to pass.

We need to ensure we reach every Senator or their staff over phone and inform them of the importance of the issue, and to not object to the debate on the crypto provisions amendments for the bill, and when the vote comes in, vote for the Wyden-Lummis Amendment.

The best chance we have of this is if everyone wakes up and gets on their phone trying to reach their Senator. Every sitting US Senator must be contacted and personally be made aware of these proposals that seek to define the innovation and industry around cryptocurrencies in the USA. They must hear from their constituents how this issue deeply matters to us, and they have to make the right choice when it comes to cryptocurrency.

You can find the contact details of your US Senator here: https://www.senate.gov/senators/senators-contact.htm

There are multiple contact numbers for each Senator and all are available on this page, if you find the Senator for your state, click on their name and it leads you to their website with the contact details of their various offices, including the Washington DC Office. You need to call in and tell either the Senator personally or their staff to pass this on as an emergency, time-sensitive matter:

Hi Senator _________, I am a voter in your constituency and I care deeply about the crypto laws currently being proposed in the Senate, which threaten to destroy innovation, jobs and investments in your constituency. I call upon you not object to the Cryptocurrency Amendments in the Infrastructure Bills to be heard in the Senate before the Infrastructure bill is passed, and vote for either the Wyden-Lummis Amendment that specifically limits what the Treasury can define as a broker, or in the alternative vote for the Ted Cruz amendment that seeks to exclude any crypto related provision in the Infrastructure bill, because the topic is indeed complex and requires detailed consideration including testimonies from the industry, before laws are passed on it.”

What is being proposed is very dire, but this is the least we can do and if you are in the US and holding / believe in crypto, you should at the very least try to do this today.

submitted by /u/DetroitMotorShow
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