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U.S. Congressmen Ask House Speaker to Revise Encryption Provisions in Infrastructure Law
2021-11-21 15:13:12 Primitive Reading


Nov. 21 (Bloomberg) -- Ten members of the U.S. House of Representatives have sent a joint letter to House Speaker Nancy Pelosi calling on Pelosi to address the encryption provisions in the infrastructure law. The letter was signed by Darren Soto, Ro Khanna, Stacey Plaskett, Eric Swalwell, Tim Ryan, Susan Wild, Marc Veasey, Jake Auchincloss, Al Lawson and Charlie Crist. The letter emphasizes that "those who profit in the cryptocurrency market should pay a fair share of taxes" and urges regulators to ensure that crypto does not make it easier for criminals to circumvent laws and regulations. We must regulate cryptocurrencies sensibly, but the legislation should not undermine the crypto industry when it comes to regulation.

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