July 14, 2024

U.S. citizens launch campaign against bill affecting cryptocurrencies by cryptocurrency

2 min read
© Reuters. U.S. citizens launch campaign against bill affecting cryptocurrencies

The struggle for a future community has created a group that allows supporters Cryptocurrencies You can reach all the senators in just a few clicks. That’s how Americans can save the market.

Call your senator and tweet

While the debate over the IRS proposal to tax all cryptocurrency participants is gathering steam, Fight for the Future is asking all Americans and their representatives in the Senate to support the Whitten-Dumi-Lummis Amendment to the Cryptocurrency Clause 36 against infrastructure (R4).

So far, this is the most “forgiving” amendment, designed to exclude mining blockchains from work proof (PoW) and new tax and accounting requirements (PoS) consensus.

Through the FFTF “Red Alert” panel, everyone can call their state senators with a single click and ask them to vote “yes” to the aforementioned amendment and the most conservative (“Warner-Portman-Cinema Amendment”) no.

The proposed text of the letter emphasizes the dangerous consequences of accepting strict terms:

“This amendment will ensure that funding is not drastically expanded, that innovation is undermined, or that human rights are undermined.”

What is wrong with the most controversial bill in the history of cryptocurrencies

In addition, Twitter users can tag their senators and bring their attention to the discussion of the new project. Supporters can advertise this action with the hashtag #DontKillCrypto.

It is noteworthy that the new scheme will impose sophisticated requirements on all participants in the crypto economy.

Miners, shareholders, agents and even software engineers and American operators must fill out a comprehensive accounting form and release large amounts of confidential personal information.

By cryptography

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