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‘Criminal felony statute’ in U.S. infrastructure bill could ‘freeze healthy crypto behavior’
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ambcrypto.comThe U.S. House of Representatives has passed the $1 trillion infrastructure bill, which has divided policymakers and industry stakeholders across the country. What’s left now is for President Biden to sign it into law.
However, the reality of the situation is hitting crypto investors and entrepreneurs, who are rushing to figure out what a particular provision in the bill means for them.
Coinbase CEO Brian Armstrong was one of the first to express his concern and tweeted,
“This 6050I provision in the infrastructure bill seems like a disaster if I understand it. Criminal felony statute that could freeze a lot of healthy crypto behavior (like Defi).”
He added,
“Our team is looking into this further to try and figure out what exactly the
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