DONT KILL CRYPTO BILLBOARD GOES UP IN ALABAMA IN ADVANCE OF HOUSE TACKLING INFRASTRUCTURE

The cryptocurrency debate is heating up, and the battleground has shifted to Alabama.A striking billboard emblazoned with the message ""Don't Kill Crypto"" has appeared in Birmingham, courtesy of the digital rights advocacy group Fight for the Future. 6.9M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.This bold move is a direct response to Alabama Senator Richard Shelby's perceived obstruction of amendments aimed at clarifying the role of cryptocurrency within the impending infrastructure bill.As the House prepares to address this crucial legislation, the billboard serves as a highly visible reminder to lawmakers that the crypto community is watching, and they are not afraid to make their voices heard.The billboard, funded by cryptocurrency donations, underscores the growing political power and financial resources of the crypto movement.This isn't just about digital assets; it's about the future of innovation, financial freedom, and the potential for blockchain technology to revolutionize industries across the board. Don t kill crypto billboard goes up in Alabama in advance of House tackling infrastructure Aug We want members of Congress to know that we ll be watching them and that we won t let them hide from their positions on this, said Evan Greer.The message is clear: stifle crypto, and you stifle progress. 'Don't kill crypto' billboard goes up in Alabama in advance of House tackling infrastructureWill the House listen, or will they follow Senator Shelby's lead and risk alienating a significant and increasingly vocal constituency? фінансова аналітика ринку криптовалют, огляд нових технологій, торгових сигналів та прогнозування цін на цифрові токениThe fate of crypto, and perhaps the future of the internet, hangs in the balance.

The ""Don't Kill Crypto"" Campaign and Senator Shelby's Role

Fight for the Future's ""Don't Kill Crypto"" campaign represents a concerted effort to protect the burgeoning cryptocurrency and blockchain industries from overly restrictive regulations.The organization argues that ambiguous or poorly designed legislation could stifle innovation, drive crypto businesses overseas, and ultimately harm consumers.Senator Richard Shelby, a Republican from Alabama, has become a focal point of their criticism due to his alleged obstruction of amendments that sought to clarify the language surrounding cryptocurrency reporting requirements in the infrastructure bill.

The specific amendment in question aimed to provide a more precise definition of ""broker"" within the context of digital assets. We want members of Congress to know that we'll be watching them and that we won't let them hide from their positions on this, said Evan Greer.Without this clarification, the original bill's language could be interpreted to include miners, software developers, and other non-custodial actors, imposing potentially impossible reporting burdens on them.Fight for the Future believes that Senator Shelby's actions, whether intentional or not, effectively blocked a much-needed fix to a flawed piece of legislation.

Why is Defining ""Broker"" Important for Cryptocurrency?

The definition of ""broker"" is crucial because it determines who is responsible for reporting transactions to the IRS.In traditional finance, brokers are intermediaries who facilitate trades between buyers and sellers. Digital rights advocacy group Fight for the Future has publicly called out Alabama lawmaker Richard Shelby for preventing an amendment clarifying the role of crypto in the infrastructure billHowever, the decentralized nature of cryptocurrency makes it difficult to apply this definition directly. Don t kill crypto billboard goes up in Alabama in advance of House tackling infrastructure Written by Richard Ingram Posted in Cryptocurrency Comments 0 Digital rights advocacy group Fight for the Future has publicly called out Alabama lawmaker Richard Shelby for preventing an amendment clarifying the role of crypto in theA broad definition of ""broker"" could encompass individuals and entities that merely provide infrastructure or software for cryptocurrency networks, such as:

• Miners: Individuals or companies that validate transactions and add new blocks to the blockchain.
• Software Developers: Those who create wallets, exchanges, and other applications that interact with cryptocurrencies.
• Node Operators: Individuals who run software that maintains the blockchain network.

Imposing reporting obligations on these actors would be technically infeasible and could force them to shut down or relocate to more crypto-friendly jurisdictions.

The Infrastructure Bill and its Potential Impact on Crypto

The infrastructure bill, officially known as the Infrastructure Investment and Jobs Act, is a massive piece of legislation aimed at upgrading America's aging infrastructure, including roads, bridges, and broadband internet. Don t kill crypto billboard goes up in Alabama in advance of House tackling infrastructure. Share. Tweet. Share. Share. Email. CommentsWhile the bill primarily focuses on physical infrastructure, it also includes provisions related to cryptocurrency taxation. PANews App 24-hour tracking of blockchain industry news and in-depth article analysisThe goal is to raise revenue to help pay for the infrastructure projects.

The bill's crypto provisions, however, have raised concerns within the crypto community. Fight for the Future s Dontkillcrypto campaign recently purchased a billboard in Birmingham, Alabama to spread the word. The billboard calls out senator Richard Shelby ((R-Al.) for blocking the amendment to the infrastructure bill that may have fixed the harms of the cryptocurrency reporting provision.As mentioned earlier, the vague definition of ""broker"" and the broad reporting requirements could have unintended consequences for the industry. House committee punts on embracing cryptocurrency. Only one pro-crypto bill considered Wednesday received a favorable report after Republican legislators expressed significant skepticism of a state reserve.The fear is that these regulations could stifle innovation and drive cryptocurrency businesses and users out of the United States.

Specifically, the initial version of the bill required digital asset ""brokers"" to report the names, addresses, and transaction histories of their customers to the IRS, similar to how traditional financial institutions report customer activity.While this may seem reasonable on the surface, the definition of ""broker"" was so broad that it could have included virtually anyone involved in the cryptocurrency ecosystem.

Potential Negative Consequences of the Infrastructure Bill's Crypto Provisions:

• Reduced Innovation: Overly burdensome regulations could discourage innovation and slow down the development of new cryptocurrency technologies.
• Capital Flight: Crypto businesses and users may relocate to countries with more favorable regulatory environments.
• Privacy Concerns: Broad reporting requirements could raise privacy concerns for cryptocurrency users.
• Increased Compliance Costs: Compliance with complex regulations can be expensive and time-consuming, especially for small businesses.

Fight for the Future's Strategy: Raising Awareness and Holding Lawmakers Accountable

Fight for the Future has adopted a multi-pronged strategy to combat what they see as harmful regulations on cryptocurrency. Криптовалюта рыногунун каржылык аналитикасы, жаңы технологияларга сереп салуу, соода сигналдары жана санариптик токендердин баасын болжолдооTheir approach includes:

1. Public Advocacy: Raising awareness about the potential negative consequences of proposed legislation.
2. Direct Engagement: Lobbying lawmakers and engaging in dialogue to advocate for sensible regulations.
3. Grassroots Mobilization: Encouraging cryptocurrency users to contact their elected officials and voice their concerns.
4. Strategic Billboard Campaigns: Using billboards and other forms of advertising to amplify their message and put pressure on lawmakers.

The ""Don't Kill Crypto"" billboard in Alabama is a prime example of their strategic approach. 'Don't kill crypto' billboard goes up in Alabama in advance of House tackling infrastructure PANews ｜ 9:30 We want members of Congress to know that we'll be watching them and that we won't let them hide from their positions on this, said Evan Greer.By targeting Senator Shelby specifically, they aim to hold him accountable for his perceived obstruction of the crypto amendment.The billboard serves as a highly visible reminder that the crypto community is paying attention and that they will not hesitate to call out lawmakers who they believe are acting against their interests.

The Crypto Community's Response and Growing Political Influence

The cryptocurrency community has responded enthusiastically to Fight for the Future's campaign. Don t kill crypto billboard goes up in Alabama in advance of House tackling infrastructure 3 years ago We want members of Congress to know that we ll be watching them and that we won t let them hide from their positions on this, said Evan Greer.The fact that the billboard was funded entirely by cryptocurrency donations highlights the strong support for this initiative. Kongresuko parte-hartzaileek ikusi egingo ditugula onartzea nahi dugu, eta ez diegu horri buruzko ezarpenetatik ezkutatzen utziko, adierazi du Evan Greerrek.The crypto community is becoming increasingly politically active, and they are determined to protect their interests.

This growing political influence is evident in the increasing number of politicians who are publicly embracing cryptocurrency. Fight for the Future has used donations it received in cryptocurrency to place a billboard in Birmingham, Alabama asking lawmakers not to support measures it believes would harm crypto and blockchain firms.Many lawmakers recognize the potential of blockchain technology and the importance of creating a regulatory environment that fosters innovation. Did Senator Shelby just catch a billboard in Alabama?dontkillcrypto 'Don't kill crypto' billboard goes up in Alabama in advance of House tackling infrastructure 2However, there are also lawmakers who remain skeptical of cryptocurrency and who are concerned about its potential risks.

Examples of Crypto Community Activism:

• Donating to Political Campaigns: Cryptocurrency supporters are increasingly donating to political campaigns of candidates who support crypto-friendly policies.
• Organizing Rallies and Protests: The crypto community has organized rallies and protests to raise awareness about issues such as taxation and regulation.
• Engaging in Online Advocacy: Cryptocurrency users are actively engaging in online advocacy, using social media and other platforms to voice their opinions and influence policy.

The Future of Crypto Regulation: A Call for Sensible and Balanced Policies

The debate over cryptocurrency regulation is far from over.As the industry continues to grow and evolve, lawmakers will face increasing pressure to develop clear and consistent rules.The challenge is to strike a balance between protecting consumers and fostering innovation.

Sensible and balanced crypto regulations should:

• Provide Clarity and Certainty: Clear and consistent rules will help businesses and individuals understand their obligations and make informed decisions.
• Protect Consumers: Regulations should protect consumers from fraud and other scams.
• Foster Innovation: Regulations should not stifle innovation or drive businesses overseas.
• Be Technology-Neutral: Regulations should be technology-neutral and should not favor one type of cryptocurrency over another.

The ""Don't Kill Crypto"" billboard in Alabama serves as a powerful reminder that the crypto community is watching and that they are prepared to fight for their interests.The future of cryptocurrency regulation will depend on the ability of lawmakers to listen to the concerns of the industry and to develop policies that are both sensible and balanced.

House Committee Punts on Embracing Cryptocurrency: A Sign of Continued Skepticism?

While the ""Don't Kill Crypto"" billboard aims to influence the House's approach to the infrastructure bill, recent actions by a House committee suggest that embracing cryptocurrency won't be easy.Reports indicate that a House committee recently considered several bills related to cryptocurrency but ultimately showed significant skepticism.Only one pro-crypto bill received a favorable report, and that was after Republican legislators expressed considerable doubts about a state reserve associated with it.

This skepticism highlights the ongoing challenges facing the crypto industry in its quest for regulatory clarity and acceptance. 'Se ke oa bolaea li-crypto' boardboard e nyoloha Alabama pele ho Ntlo e sebetsana le lits'ebeletso tsa motheo Ho bala: 3 mets E hatisitsoeng ke: Aug Re lakatsa hore bankakarolo ba Congress ba elelloe hore re tla be re ba shebelletse seo re ke keng ra ba lumella ho se patela litlhophisong tsa bona tabeng ena, ho boletse Evan Greer.It suggests that lawmakers are still grappling with the complexities of cryptocurrency and its potential implications for the financial system.The House committee's hesitation to fully embrace cryptocurrency could further complicate the process of developing sensible and balanced regulations.

What are the Key Concerns of Lawmakers Regarding Cryptocurrency?

Lawmakers have several key concerns regarding cryptocurrency, including:

• Money Laundering and Terrorist Financing: Cryptocurrencies can be used to launder money and finance terrorist activities.
• Tax Evasion: Cryptocurrencies can be used to evade taxes.
• Investor Protection: Cryptocurrencies are volatile and risky investments, and investors need to be protected from fraud and other scams.
• Financial Stability: Cryptocurrencies could pose a threat to financial stability if they become widely adopted.

Addressing these concerns will be crucial to gaining broader acceptance of cryptocurrency among lawmakers and the public.

The Importance of Understanding the Technology Behind Cryptocurrency

One of the biggest obstacles to developing sensible crypto regulations is a lack of understanding of the underlying technology.Many lawmakers are unfamiliar with blockchain technology and how it works.This lack of understanding can lead to poorly designed regulations that have unintended consequences.

It is essential for lawmakers to educate themselves about cryptocurrency and blockchain technology. Digital rights advocacy group Fight for the Future has publicly called out Alabama lawmaker Richard Shelby for preventing an amendment clarifying the role of crypto in the infrastructure bill to be addressed in the United States Senate. Fight for the Future has used donations it received in cryptocurrency to place a billboard in Birmingham, AlabamaThey need to understand the potential benefits and risks of these technologies before they can develop effective regulations.This education should include:

• Learning the Basics of Blockchain Technology: Understanding how blockchain works is crucial to understanding the potential of cryptocurrency.
• Consulting with Experts: Lawmakers should consult with experts in the field, including developers, entrepreneurs, and academics.
• Visiting Cryptocurrency Companies: Lawmakers should visit cryptocurrency companies to see how they operate and learn about the challenges they face.

By taking the time to educate themselves, lawmakers can develop more informed and effective regulations that foster innovation while protecting consumers.

Conclusion: A Critical Juncture for Crypto's Future

The ""Don't Kill Crypto"" billboard in Alabama is more than just a publicity stunt; it's a symbol of the growing power and determination of the cryptocurrency community. Don t kill crypto billboard goes up in Alabama in advance of House tackling infrastructure 4 years ago We want members of Congress to know that we ll be watching them and that we won t let them hide from their positions on this, said Evan Greer.As the House prepares to tackle the infrastructure bill, the message is clear: the crypto community is watching, and they will not tolerate regulations that stifle innovation and harm the industry.Senator Shelby's actions have drawn the ire of the crypto community, and the billboard serves as a public reminder of their displeasure.The future of crypto regulation hangs in the balance.Sensible and balanced policies are needed to protect consumers, foster innovation, and ensure that the United States remains a leader in the digital economy.The key takeaways from this situation are the importance of understanding the underlying technology, the need for clear and consistent regulations, and the growing political influence of the crypto community. The billboard in Alabama calls out U.S. senator Richard Shelby for blocking a crypto amendment to the infrastructure bill.It's time for lawmakers to listen to the concerns of the industry and develop policies that support the growth and development of this transformative technology. Skip to main content Bitcoin Insider. MenuFailure to do so could have serious consequences for the future of innovation and financial freedom.The crypto community is urging action and awareness of this issue.They ask you to contact your representatives and voice your opinion.Help protect the crypto space!