Washington, D.C. (August 24, 2021) – The Blockchain Association Executive Director Kristin Smith released the following statement after the House Rules Committee voted to prohibit amendments to the infrastructure bill:
“It is unfortunate, but unsurprising, that the House has decided to not consider any amendments to the current infrastructure bill. Despite the desire of several members of the House and Senate to fix the poorly-designed crypto tax provision in the existing language, we will be left with an overly-broad statute that will harm American innovators.
“However, this is not the end of the process. The Blockchain Association, our 46 member companies and the newly-energized, nationwide crypto community will rededicate our energy to supporting technology-neutral, pro-crypto legislation and regulation – on this specific tax issue as well as broader crypto policy. We are heartened by the bipartisan and bicameral support to pursue such legislation, and we will continue to fight to keep America at the innovative forefront of one of the most important technologies of the 21st century.”