Sometimes innovators can only raise their voice against governments and they will have to wait until governments understand the technology.

Denelle Dixon expressed:  President Biden signed the Bipartisan Infrastructure Deal. It includes many good and needed improvements to physical infrastructure in the U.S. What’s missing? Clear language defining “brokers” that is workable for our industry.

It is unfortunate that a bill that invests so much in the last century’s technologies is harmful to the next century’s.

Despite the hard work of members including Senators Ron Wyden, Sen Toomey, Sen Lummis in Aug, and Reps RepDarrenSoto and RoKhanna this Fall, the deal officially includes definition of brokers that is unworkable for fostering innovation in blockchain and crypto.

To be clear: we are not anti-taxes on cryptocurrency gains. We are pro-clarity on the language of how it gets reported. As written, the current language could impose tax reporting obligations on actors who aren’t able to comply.

The BID takes effect in 2023. So we’ve got about a year to fix its definition of a broker. We’ll do everything we can to make sure it’s still possible to operate blockchain technology in the US. We want to be a resource to legislators and regulators and our door is open.

Legislation should balance the need for regulation with the need to encourage innovation. Good policy results from open conversations and public-private partnership. We’ll continue to work with legislators and regulators to get this fixed.

Community Response:  I don’t think you and team Stellar Org get enough credit for not only building the ecosystem, growing liquidity and establishing use after use case, you also look to elevate the industry with a push for clarity that is admirable. Thank you – your passion is contagious.

I hope you will work to address the shortfalls of the Infrastructure Bill including the attacks on cryptocurrency and blockchain.

Need to get FDIC insurance or let Circle USDC take over

You should be more worried about hardly any growth in wallet holders for the past 6 months, daily dumping from SDF, and the absolute JOKE of a marketing strategy from your “chief officer” For how much SDF dumps Meridian should be a held event not a glorified webcam call.  The more talk, the more dump

The conclusion is BOT manipulated XLM price and make big dump, and team of Stellar will make a lot of money.

This isn’t an infrastructure deal. This looks like a Loot America Deal.