{"id":1114295,"date":"2021-11-16T14:36:55","date_gmt":"2021-11-16T19:36:55","guid":{"rendered":"https:\/\/decrypt.co\/?p=86218"},"modified":"2021-11-16T14:36:55","modified_gmt":"2021-11-16T19:36:55","slug":"ted-cruz-aims-to-repeal-crypto-broker-rules-from-bidens-infrastructure-bill","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/ted-cruz-aims-to-repeal-crypto-broker-rules-from-bidens-infrastructure-bill\/","title":{"rendered":"Ted Cruz Aims to Repeal Crypto Broker Rules From Biden\u2019s Infrastructure Bill"},"content":{"rendered":"\n
Senator Ted Cruz isn’t known for forging compromise. The Texan has earned <\/span>ire and eyerolls<\/span><\/a> from fellow Republicans for his habit of engaging in one-man filibusters and upstaging leadership.<\/span><\/p>\n So it’s only natural that Cruz is going his own way in an attempt to undo language regarding cryptocurrency brokers in the $1.2 trillion infrastructure bill signed by President Biden yesterday\u2014despite a similar bill being proposed by privacy hawk Ron Wyden (D-OR) and Bitcoin champion Cynthia Lummis (R-WY).<\/span><\/p>\n The Texas junior senator has <\/span>introduced legislation<\/span><\/a> that fully repeals the cryptocurrency provisions within the Infrastructure Investment and Jobs Act. In a <\/span>statement<\/span><\/a> today, Cruz said, “The Lone Star State has quickly emerged as the main hub for the cryptocurrency industry, and that exciting industry is now in danger of being stifled and driven overseas by an overreaching provision in this newly-signed, reckless spending package.”<\/span><\/p>\n