Zero Hedge
By Tyler Durden – August 5, 2021
We warned over the weekend that ‘things just got ugly for crypto in Washington, D.C.’ as the government aimed to partially cover the cost of its massive infrastructure bill by taxing crypto companies… and the entire industry will feel it.
“This is not a drill,” writes Jake Chervinsky, an influential crypto lawyer and a sober voices in a hype-prone industry. In a must-read Twitter thread, Chervinsky explains how the $550 billion bill – which is primarily about roads and bridges – could shiv American crypto companies.