The bill has nothing to do with ‘raising money’. There are no new taxes or sources of revenue in the bill. It’s about two things: 1. putting greater surveillanc

The bill has nothing to do with ‘raising money’. There are no new taxes or sources of revenue in the bill. It’s about two things: 1. putting greater surveillance on crypto than cash, and 2. making operation of crypto/defi impossible and therefore illegal. The amendment is simply making it not illegal to not do the impossible (miners and programmers issuing 1099s to users). Without it, operating a crypto network or writing smart contracts is illegal in the United States, except for a few giant exchanges and funds of course. Wall St. can have it, but you can’t. At that point I’ll agree with all the anti-crypto posters that it’s just a big scam on retail investors. Now it’s 100% transparent that this is her goal. I keep restating: this is exactly the reason that cryptocurrency has any value at all. https://mobile.twitter.com/documentingbtc/status/1395789620026163204?lang=en https://mobile.twitter.com/documentingbtc/status/13957896200... On a long enough timeline, I think it will be impossible to exchange self-custodied cryptos to or from fiat. At that point, it’s either a medium of exchange, or it’s worthless. I have a lot more to say about that, but I will save it.