We’re getting the government’s attention. DO NOT STOP until we get the outcome we want!

Since Senator Portman made this comment where he appears to backtrack on the broker definition to include miners and stakers, I’ve seen a lot of people in the single coin subreddits breathing a sigh of relief that seemingly their coin is safe.

First of all, this amendment may not pass. It’s possible that with so many other amendments to the infrastructure bill, that they’ll scrap all of them for expediency. Or that just this one and the superior Toomey one will be voted down.

Second, this amendment offers much less protection for this space than the Toomey amendment. The Portman amendment does nothing to protect software developers of defi protocols or smart contracts. This affects all of us. No coin is off the hook yet.

Bitcoin fan? Miners may be excluded. But what about an exclusion for lightning node operators, local Bitcoin, atomic swaps?

ETH fan? Stakers may be exempted, but what about your entire ecosystem of defi projects, DEXs, and smart contracts? What about algorithmic stable coins?

ADA fan? Stakers maybe exempt, but I still see enough wiggle room to go after stake pool operators, plus see above for ETH.

XRP/XLM fan? Maybe validators are ok (maybe), but what about everything that trades on the native DEXs? What about wrapped assets and stable coins?

Nano fan? It sounds from the speech like the intent is to exempt those who process transactions, but the text only really addresses PoW & PoS. I’m not convinced representatives would be safe from an overly aggressive enforcement agency in the future. And what about WeNano, the tipbot, and JungleTV?

And the list goes on.

Now isn’t the time to take our foot off the gas. We’re making noise and the media is picking up on it. We need to make more noise. I know we all want to just believe that our beloved coin is ok and fuck everything else, but we can’t think like that anymore. This is something that affects us all. Even if we get them to pass the Toomey amendment, this is just the beginning. Yellen and the rest have it out for us and they’ll keep trying to squash us in one form or another, just waiting for us to stop raising hell so they can sneak something through. We disrupted the FINCEN bullshit they were trying to pass without public comment over the Christmas holiday by making noise. We need to get louder.

This is our wake up call, and people are already acting like a groundhog who poked out its head, saw a shadow, and is cozying up for another long snooze.

We need lobbying groups. We need to donate to them. Until then, we need to keep blowing up our representatives’ emails, Twitter, and phones.