If the United Kingdom and Europe were starting to get worried about the United States becoming too friendly to crypto, a new bipartisan bill will come as a relief in London, in Paris and in Frankfurt.
The Responsible Financial Innovation Act (of 2022?) by bitcoiner Cynthia Lummis and New York’s senator Kirsten Gillibrand re-enacts the discriminatory investment prohibitions, gives Congressional approval to burdensome tax accounting of crypto transactions above $200 when the threshold was expected to be at least $600, and appears to be far more concerned with corporate matters that affect something like Coinbase – such as custody – rather than the crucial matter of the public being locked out of capitalism by being prohibited from investing in startups.
