Blockchain Association Expresses Support for Toomey-Warner-Lummis-Sinema-Portman Compromise

Washington, D.C. (August 9, 2021) – The Blockchain Association Executive Director Kristin Smith released the following statement after Senators Toomey, Warner, Lummis, Sinema, and Portman proposed a compromise amendment to adjust language in the roughly $1 trillion infrastructure bill to avoid harmful, unintended consequences for American innovation:

“Over the past week, we have witnessed a groundswell of support and engagement from the crypto industry – as well as the broader crypto community – to fix language in the $1 trillion infrastructure deal. While the compromise proposed by Senators Toomey, Warner, Lummis, Sinema, and Portman leaves work to be done, the Blockchain Association fully supports this improvement to the original language. In particular, we thank Senator Wyden for his tireless efforts to support the crypto ecosystem, and we share his passion for privacy and security in the industry. We look forward to our continued work together on smart policy solutions.

“While long-term clarifying fixes are needed, we encourage the Senate to support the compromise – and, moving forward, to work with industry to proactively craft smart policy to keep the U.S. at the forefront of crypto innovation.”