Debate on the controversial US infrastructure on crypto bill before vote

Now it is confirmed that the crypto Infrastructure bill of the US will go through the discussion before the vote of US Senators.

As we know, the most controversial crypto infrastructure bill of the US was in full swing between August and September. At that time, when proposed by the senate of US, many crypto players including Brian Armstrong & Elon Musk slammed the bill and claimed that it is a sudden and quick decision on Crypto, which is not a fair thing.

Read also: Elon Musk Supports Crypto Community Amid Crucial Taxation In United States

Nancy Pelosi, United States House of Representatives Speaker, released a letter on 26 September and said that there is only 4 days before the vote for the crypto bill. And the legislation on the crypto will bring many advantages for the development & growth of the fund road, bridge, airport, school, and other construction projects, Reuters reported.

“Tomorrow, September 27, we will begin debate on the Bipartisan Infrastructure Framework on the Floor of the House and vote on it on Thursday, September 30, the day on which the surface transportation authorization expires.”

So through the statement of Pelosi, we can say that Pelosi is fully sure that this bill will get passed with the full majority support. But before the vote, they will have a discussion on 30 September i.e three days from today. 

If this bill gets passed, then all authorities & entities associated loosely or strongly with the crypto related services have to report about the mandatory tax imposed on the transactions.

Few experts believe that the need for debate on this bill before the vote is a clear sign that the majority of the senates have problems with the bill and probably they may change some things which are controversial for the crypto space.

Read also: Green light for crypto by Indonesian government