More Than 100 Crypto Ecosystem Stakeholders Support Wyden-Lummis-Toomey Amendment in Infrastructure Bill

Washington, D.C. (August 4) – Today, more than 100 stakeholders in the crypto ecosystem wrote to Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell urging them to support the Wyden-Lummis-Toomey amendment to the bipartisan infrastructure bill. The letter’s text is as follows:

Dear Majority Leader Schumer and Minority Leader McConnell, 

The undersigned organizations—which include nonprofits, trade associations, and individual companies that participate in the United States’ vibrant and growing crypto economy—write to express our strong support for the amendment introduced by Sens. Wyden, Lummis, and Toomey. 

 As currently drafted, the recently announced Bipartisan Infrastructure Bill would jeopardize the cryptocurrency and blockchain industry’s future in the United States. The provision titled “Enhancement of Information Reporting for Brokers and Digital Assets” would likely lead to a host of unintended consequences, not only for the technology’s ability to operate in the United States but also for the privacy rights of all Americans. 

The Wyden-Lummis-Toomey Amendment addresses a significant concern raised by the bill as currently drafted by removing the obligation to report from those network participants who don’t have—and shouldn’t have—access to customer information. It does so without affecting the reporting obligations placed on brokers and traders of digital assets.

Cryptocurrency networks are open source and run on the internet; they are here to stay whether the United States participates in their development or not. They promise to advance many ideals the United States supports: openness, freedom of speech, transparency, and individual agency.

We thank Sens. Wyden, Lummis, and Toomey for their valiant effort. While there are some remaining questions about portions of the language, this amendment goes a long way to addressing some of the biggest concerns with the draft. We encourage you to adopt the Wyden-Lummis-Toomey Amendment. 


Advantage Evans, LLC



Americans for Tax Reform

Anchorage Digital  

Association for Digital Asset Markets (ADAM)


Black People & Cryptocurrency

Blockchain Association

Blockchain Capital

Blockchain Defense Initiative

Blockchains, Inc.

Blockdaemon, Inc.

Boston Blockchain Association

Brand New Technologies 

Brave New Software


California Blockchain Advocacy Coalition 

Celo Foundation

Centre Consortium

Chia Network Inc. 

Circle Internet Financial, LLC

CMT Digital 

Code Inc. 


Coin Center


Coinme, Inc.


Competitive Enterprise Institute  

Compound Labs, Inc.

Copia Institute

Cross River Bank

Crowdie Advisors

Crypto Council for Innovation

Dapper Labs  

Dash Core Group, Inc. 

DeFi Alliance 

Digital Currency Group

Digital Innovation Group

Digital Liberty


Dragonfly Capital

DRW Cumberland

dYdX Trading Inc.

Edge & Node Ventures, Inc. 

Electric Coin Company 

Electronic Transactions Association 

Emerging Impact Group


ETHDenver and Colorado Blockchain




Florida Blockchain Business Association

Framework Ventures 


Gemini Trust Company, LLC

Genesis Global Trading, Inc.

Global Digital Finance 

Government Blockchain Association

Grayscale Investments, LLC

gumi Cryptos Capital 

Hajj Media, LLC


Innovate Labs

Jet Protocol


Learning Economy Foundation


Lincoln Network 

Lolli, Inc.

Louisiana Blockchain Association

Makara Digital Corporation

Maker Foundation

Metrika Inc.

Minnesota Blockchain Initiative

National Policy Network of Women of Color in Blockchain

New Jersey Blockchain Council

North Carolina Blockchain Initiative

Offchain Labs Inc


Optimism PBC  

ORCHID Labs, Inc.  



Pennsylvania Blockchain Coalition 

​​Placeholder Management 

Proof of Stake Alliance

Puerto Rico Blockchain Trade Association

Ribbit Capital

Richmond Global Ventures


Securrency, Inc.

Sia Foundation

SKALE Labs, Inc. 

SkyBridge Capital

Skynet Labs


South Carolina Emerging Tech Association

Stellar Development Foundation 

Strix Leviathan, LLC

Square, Inc.

Tacen Inc.

Technology Association of Oregon 

Texas Blockchain Council

The Aave Companies

The Graph Foundation 

The Provenance Chain Network

The Wall Street Blockchain Alliance

Tlon Corporation 

Tokensoft Inc. 


Union Square Ventures

Value Technology Foundation

Variant Fund 


Women in Blockchain Boston

WTIA Cascadia Blockchain Council

Wyoming Blockchain Coalition

X2 Advisory, LLC 


Ox Labs