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Infrastructure bill can still be remedied: DeFi dev-turned Congress candidate
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The controversial U.S. infrastructure bill was signed into law by President Joe Biden this morning, with the legislation passing without amendments made to the broad provisions that could impose stringent reporting requirements on crypto network validators and software developers.
However, DeFi strategist-turned Democratic congressional candidate, Matt West, believes there is still time to push back.
Speaking to Cointelegraph, West said: “My understanding of this bill is that it has been signed, but it hasn't taken effect yet.”
The crypto community has taken particular issue with section 6050II of the bipartisan legislation, which makes failing to report digital assets transactions a criminal offence.
West, who otherwise supports the bill,
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