Crypto compromise amendment blocked in Senate infrastructure vote
An amendment in the bipartisan infrastructure bill that would limit a proposal to increase federal regulation of cryptocurrencies was blocked Monday afternoon.
The infrastructure bill itself is on track to pass the Senate on Tuesday morning.
The defeat of the crypto amendment came hours after the Treasury Department said it would not oppose a bipartisan agreement that limits a proposal in the infrastructure bill to increase federal regulation of cryptocurrencies.
The White House had initially backed an amendment supported by Warner, Sinema and Portman that would have exempted more cryptocurrency actors from greater regulation than the bill’s original language but fewer than Wyden, Toomey and Lummis wanted.
Reference: CNBC
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