Too Long; Didn't Read
The US is in the process of bringing the hammer down on crypto in the Infrastructure Investment and Jobs Act (H.R. 3684) and the Digital Asset Market Structure and Investor Protection Act. The bill strips crypto of the privacy and autonomy which draws so many to it. The value of the crypto market as a whole grew 220% in the last year, reaching 2.43 trillion dollars in the first week of May of 2021. The IRS has decided that crypto is no longer a “scam or a fad,” because money for “infrastructure” has to come from somewhere.
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