WSJ Ed. Board Decries Senate’s ‘Sloppy’ Crypto Crackdown: Legislating at the ‘Last Minute on Issues They Don’t Understand’

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The Wall Street Journal’s editorial board took umbrage with the Senate on Tuesday, saying it was “sloppy” to pass a strangely-worded provision about cryptocurrency in an infrastructure bill.

The Journal noted the Senate’s infrastructure legislation passed on Tuesday defined as a broker “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” The definition technically includes software and hardware developers who do not have the ability to track their users, meaning the legislation would end large parts of the cryptocurrency industry in the United States if federal regulators decided to enforce it.

Democratic Sen. Ron Wyden (OR) and Republican Sens. Cynthia
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