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Among them was a tax on cryptocurrency brokers that may increase an estimated $5 billion. The lead Republican negotiator, Rob Portman of Ohio, picked it off the list, sources acquainted with the process confirmed. On Sept. 15, the Senate agriculture committee held the primary listening to on the Digital Commodities Consumer Protection Act, a bipartisan proposal coauthored by Senators John Boozman and Debbie Stabenow. The bill is one of numerous crypto-related items of laws launched on Capitol Hill in current months—Boring counts greater than 60, with extra within the strategy of being drafted. The Blockchain Summit’s program featured four senators and three members of Congress, almost evenly divided between the events. The industry has spent the previous yr making a significant play for D.C.’s consideration and affection—a sea change for the utopian expertise, with its animating imaginative and prescient of frictionless, borderless, intangible trade. Blockchain Summit in May, to an viewers of the cryptocurrency faithful.

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