Let’s be clear: Blockchain technology is infrastructure
Cointelegraph
Published Aug 25, 2021 10:17AM ET
Updated Aug 25, 2021 12:00PM ET
In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimately, the BID language was unchanged, leaving uncertainty for the companies that build on blockchain, especially those dedicated to its value beyond cryptocurrency trading. Though unsuccessful in their bid to amend the language, many are claiming victory over the industry finding its voice in the negotiations. Now, it needs to use that voice to refocus the conversation on what really matters — the fact that blockchain technology is infrastructure, not just a revenue source to fund it.
Related: Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future
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Written By: Cointelegraph
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